Global Closure Systems

Global Closure Systems is a privately owned French company which produces closures for beverage containers and other purposes. It operates from 21 plants globally[1] under various brand names, including Astra Plastique, Bender, Massmould, Obrist, UCP and Zeller Plastik.

History

The company was created as a result of the purchase by PAI Partners, a French private equity firm, of the closures business previously operated by Crown Holdings Inc[2][3] for $750 million.

Packaging giant RPC Group plc is set to significantly extend its global presence after it announced plans to buy Global Closure Systems for 650 million euros ($714.6 million).

The deal, which is subject to shareholder and regulatory approval, is scheduled to be complete by the end of March.

References

  1. ↑ GCS
  2. ↑ http://www.paipartners.com/PDF/GPC_190805_Uk.pdf
  3. ↑ Crown SEC filing

External links


This article is issued from Wikipedia - version of the Monday, March 28, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.