Global Closure Systems

Global Closure Systems is a privately owned French factory network 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, was scheduled to be complete by the end of March.

References
  1. "GCS". Archived from the original on 2008-12-24. Retrieved 2008-09-05.
  2. "Archived copy" (PDF). Archived from the original (PDF) on 2011-10-03. Retrieved 2008-09-05.{{cite web}}: CS1 maint: archived copy as title (link)
  3. Crown SEC filing


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.