M&A Deal Summary

Crown Acquires Empaques Ponderosa S.A. de C.V.

On February 18, 2015, Crown acquired packaging company Empaques Ponderosa S.A. de C.V. from Heineken for 1.2B USD

Acquisition Highlights
  • This is Crown’s 4th transaction in the Packaging sector.
  • This is Crown’s 3rd largest (disclosed) transaction.
  • This is Crown’s 1st transaction in Mexico.

M&A Deal Summary

Date 2015-02-18
Target Empaques Ponderosa S.A. de C.V.
Sector Packaging
Buyer(s) Crown
Sellers(s) Heineken
Deal Type Divestiture
Deal Value 1.2B USD

Target

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.

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Buyer(S) 1

Buyer

Crown

Yardley, Pennsylvania, United States

Category Company
Founded 1892
Sector Packaging
Employees25,000
Revenue 12.0B USD (2023)
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 founded in 1892 and is based in Yardley, Pennsylvania.


DEAL STATS #
Overall 5 of 7
Sector (Packaging) 4 of 6
Type (Divestiture) 2 of 2
Country (Mexico) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-27 Capsule International

Trevose, Pennsylvania, United States

Constar International is a global producer and supplier of plastic bottles, jars and preforms for food and beverages. The Company provides full-service packaging solutions, from product design and engineering, to ongoing customer support and material licensing agreements.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Signode Industrial Group

Glenview, Illinois, United States

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.

Buy $3.9B

Seller(S) 1

SELLER

Heineken

Amsterdam, Netherlands

Category Company
Founded 1864
Sector Beverages
Employees85,000
Revenue 30.4B EUR (2023)
DESCRIPTION
Entrance to Heineken's corporate headquarters in Amsterdam.
Entrance to Heineken's corporate headquarters in Amsterdam.

Heineken is a global beverage company focused on the production and distribution of beer and cider. Heineken was founded in 1864 and is based in Amsterdam, the Netherlands.


DEAL STATS #
Overall 3 of 4
Sector (Packaging) 2 of 2
Type (Divestiture) 2 of 3
Country (Mexico) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-28 Asia Pacific Breweries

Singapore, Singapore

Asia Pacific Breweries Ltd. is a beverages company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 Lagunitas Brewing

Petaluma, California, United States

Lagunitas Brewing Co. is the fifth largest craft brewer in the United States by volume. Lagunitas owns a stable of award-winning brands, including Lagunitas IPA. Lagunitas IPA is the largest India Pale Ale brand in the United States and has become a benchmark for the category. Lagunitas is estimated to sell c. 1 million hectolitres of beer in 2015 from its two world-class breweries in Petaluma, California, and Chicago, Illinois. A third brewery is currently under construction in Azusa, California. The brewer has a strong track record of growth, with 2012 -

Buy -