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Thursday, 19 September 2019
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Markets & companies, Raw materials market

Huber Packaging Group purchases Crown general line activities

Friday, 12 December 2014

Huber Packaging Group will purchase Crown general line activities in Switzerland, Finland, Great Britain and France.

Huber's paint range delivers packaging solutions for paints, coatings, wood preservatives and for printing inks. Source: Huber

Huber's paint range delivers packaging solutions for paints, coatings, wood preservatives and for printing inks. Source: Huber

The family owned business Huber Packaging Group will be purchasing Crown general line tinplate packaging locations in Switzerland (Aesch), Finland (Helsinki), Great Britain (Liverpool) and France (Rouen), as soon as the local and European consultation procedures (if applicable) and necessary formalities have been completed. Crown is a global provider of packaging products headquartered in Phil-adelphia. At this time, the acquisition is scheduled to close by the end of the first quarter of 2015. The parties have agreed not to disclose information about financial details and purchase price.

Expanding market share in its core business sector

With this acquisition, the Huber Packaging Group is pressing ahead with the further development of the company, expanding its market share in its core business sector and in establishing market access to fields in which the company has not yet been active. Huber is currently developing an integration plan for the assets to be purchased.
Thomas H. Hagen, Chairman of the Management Board of Huber Packaging Group explains: "With this acquisition, we are actively pushing ahead with the consolidation of the European tinplate packaging market and are significantly expanding our position in the chemical-technical tinplate packaging business within Europe. Not just our customers will benefit from this, but also all the facilities, including the new locations as strong local units. The four new locations will fit in with us and will greatly contribute to expanding our network. The teams will therefore ultimately benefit from good development perspectives."

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