M&A Deal Summary

Crown Acquires Signode Industrial Group

On December 19, 2017, Crown acquired packaging company Signode Industrial Group from The Carlyle Group for 3.9B USD

Acquisition Highlights
  • This is Crown’s 5th transaction in the Packaging sector.
  • This is Crown’s largest (disclosed) transaction.
  • This is Crown’s 3rd transaction in the United States.
  • This is Crown’s 1st transaction in Illinois.

M&A Deal Summary

Date 2017-12-19
Target Signode Industrial Group
Sector Packaging
Buyer(s) Crown
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 3.9B USD

Target

Signode Industrial Group

Glenview, Illinois, United States
website
Signode Industrial Group, Inc. is a global manufacturer of steel and plastic strapping, stretch film and the application equipment and accessory products for each. Signode is the world's leading supplier of transit packaging systems and solutions, which consist of strap, stretch and protective packaging consumables and the application equipment and tooling for each. Based in Glenview, Illinois, Signode's global footprint includes operations in 40 countries across 6 continents, with sales to customers in approximately 60 countries.

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Buyer(S) 1

Buyer

Crown

Yardley, Pennsylvania, United States

website


Category Company
Founded 1892
Sector Packaging
Employees26,000
Revenue 11.4B USD (2021)
DESCRIPTION

Crown is a manufacturer of packaging products for consumer marketing companies around the world. Crown makes a wide range of metal packaging for food, beverage, household and personal care and industrial products and metal vacuum closures and caps. Crown was incorporated in 1892 and is based in Yardley, Pennsylvania.


DEAL STATS #
Overall 6 of 7
Sector (Packaging) 5 of 6
Type (Add-on Acquisition) 4 of 5
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Empaques Ponderosa S.A. de C.V.

San Pedro Garza García, Mexico

Empaques Ponderosa, S.A. de C.V. is operates two beverage can plants, a plant that manufactures beverage can ends, aluminum closures and bottle caps, a glass bottle plant and a glass service facility in Mexico.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Eviosys

Baar, Switzerland

Eviosys is a global supplier of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands.

Sell €2.3B

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 337 of 443
Sector (Packaging) 3 of 5
Type (Add-on Acquisition) 143 of 184
State (Illinois) 14 of 14
Country (United States) 200 of 250
Year (2017) 24 of 26
Size (of disclosed) 2 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 MedRisk

King of Prussia, Pennsylvania, United States

MedRisk is a provider of managed physical medicine services for the workers’ compensation industry in the U.S. The company consistently delivers clinically superior patient outcomes via the coordination and active management of physical medicine services for workers' compensation patients. Today, it manages physical therapy, occupational therapy, and chiropractic treatments for more than 500,000 injured workers annually through a nationwide network across 49 states and Washington, D.C. MedRisk was founded in 1994 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Visionary RCM

Chennai, India

Visionary RCM is a provider of risk adjustment and revenue cycle management services to the healthcare industry. Visionary RCM was founded in 2006 and is based in Chennai, India.

Buy -