Profile: Crown Holdings Inc (CCK.N)
24 May 2017
Crown Holdings, Inc., incorporated on February 7, 2003, is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company's business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company's segments within the Americas Division are Americas Beverage and North America Food. The Company's segments within the European Division are European Beverage and European Food. The Company's Asia Pacific Division segment consists of its beverage and non-beverage can operations. The Company is also engaged in European aerosol and specialty packaging business, its North American aerosol can business, and its tooling and equipment operations in the Unites States and the United Kingdom. As of December 31, 2016, the Company operated 146 plants along with sales and service facilities throughout 36 countries. It also has three canmaking and spare part operations in the United States and the United Kingdom.
The Company's products include steel and aluminum cans for food, beverage, household and other consumer products, glass bottles for beverage products and metal vacuum closures and caps. These products are manufactured in the Company's plants both within and outside the United States and are sold through the Company's sales organization to the soft drink, food, citrus, brewing, household products, personal care and various other industries. It supplies beverage cans, ends and other packaging products to a range of beverage and beer companies. The Company offers an array of two-piece beverage cans and ends, and metal bottle caps, which include the SuperEnd and 360 End beverage can ends, and shaped beverage cans. The Company manufactures a range of food cans and ends, including two-piece and three-piece cans in numerous shapes and sizes, and sells food cans to food marketers. It offers a range of metal vacuum closures and sealing equipment solutions to marketers, from a network of metal vacuum closure plants across the world. The Company also offers its LIFTOFF series of food ends, including its Easylift full aperture steel food can ends and PeelSeam, an aluminum foil laminated end. The Company is engaged in closure design and decoration, ranging from printing of the closure in up to nine colors, to inside-the-cap printing. The Company also manufactures vacuum and conventional ends for a range of heat-processed and dry food products, including fruits and vegetables, meat and seafood, soups, ready-made meals, infant formula, coffee and pet food. The Company's customers for aerosol cans and ends include manufacturers of personal care, food, household and industrial products. The Company's specialty packaging business is located in Europe and Asia. The Company produces a range of specialty containers with numerous lid and closure variations.
The Americas Beverage segment manufactures aluminum beverage cans and ends, glass bottles, steel crowns and aluminum caps. The Company's Americas Division includes operations in the United States, Brazil, Canada, the Caribbean, Colombia and Mexico. As of December 31, 2016, the Americas Division had 49 operating facilities of which over nine are leased. Within the Americas Division, 31 facilities were operated in the United States of which over seven were leased as of December 31, 2016. The North America Food segment manufactures steel and aluminum food cans and ends and metal vacuum closures in the United States, Canada, Mexico and the Caribbean.
The European Beverage segment manufactures steel and aluminum beverage cans and ends in Europe, the Middle East and North Africa. The European Food segment manufactures steel and aluminum food cans and ends, and metal vacuum closures, in Europe, Africa and the Middle East. As of December 31, 2016, the European Division had 63 operating facilities of which 13 were leased.
Asia Pacific Division
The Company's Asia Pacific Division consists of beverage can operations in Cambodia, China, Malaysia, Singapore, Thailand and Vietnam. The Asia Pacific Division also includes the Company's non-beverage can operations, primarily food cans and specialty packaging in China, Singapore, Thailand and Vietnam. The Asia Pacific Division had 31 operating facilities of which over four were leased as of December 31, 2016.
The Company competes with Ardagh Group, Ball Corporation, BWAY Corporation, Can-Pack S.A., Metal Container Corporation and Silgan Holdings Inc.
Crown Holdings Inc
1 Crown Way
PHILADELPHIA PA 19154-4501