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Mexico: Heineken to sell bottling business to Crown Holdings

By  |  September 1, 2014

Beer conglomerate Heineken has reportedly agreed to a $1.2 billion sale of its bottling operations in Mexico to Crown Holdings.

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    Reports say Heineken announced Monday it will sell EMPAQUE, which manufacturers aluminum cans, bottles and bottle caps, to Crown.

    In a statement, Crown said the deal would significantly strengthen its presence across North America in the bottling and packaging industry. Reports say the acquisition will bring Crown to the position of second-largest beverage can producer on the continent.

    The deal remains subject to regulatory scrutiny.

    Full content: Market Watch

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