# KPS to buy European tinplate packaging division from Crown Holdings for €1.9bn

US investment firm KPS agreed to buy Crown Holdings' European tinplate packaging division, including former Mivisa, for €1.9 billion, with Crown keeping a 20% stake. The deal is expected to close in Q3 2021.

- Type: Acquisition
- Announced: 2021-04-21
- Value: $2.24B (1.90B EUR)
- Status: announced
- Products: tinplate food and aerosol metal packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Crown](https://endata.com/companies/535.md) (partner)
- [KPS](https://endata.com/companies/6270.md) (acquirer)
- [Mivisa](https://endata.com/companies/7862.md) (target)

## Sources

- [cuatrecasas.com](https://www.cuatrecasas.com/en/global/art/cuatrecasas_advises_kps_on_buying_european_food_packaging_business_from_crown_holdings), 2021-04-21: "Thanks to this transaction, KPS gains a privileged position in the European food and aerosols metal packaging market, particularly by acquiring former Mivisa, a traditional leader of the Spanish market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.