Munich – The globally active Crown Group, which is listed on the NYSE, has acquired Swiss headquartered Helvetia Packaging AG with production facilities in Saarlouis, Germany. The acquisition is still subject to approval by the competition authorities. Further details of the transaction were not disclosed.
A CMS team headed by Jörg Schrade, Prof Dr Angelika Thies and David Hürlimann provided comprehensive tax advice to Crown throughout the transaction. This included tax due diligence as well as advice on the share purchase agreement and the acquisition structure. Crown has previously relied on the tax expertise of CMS.
Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. Crown generated net sales of approximately $11.4 billion in 2021, with a total of approximately 26,000 employees.
CMS Germany
Jörg Schrade, Lead Transaction Partner
Prof Dr Angelika Thies, Client Relationship Partner
Christian Linseisen, Senior Associate, all Tax
CMS Switzerland
David Hürlimann, Partner, Lead Tax Switzerland
Dr David Schuler, Senior Associate, both Tax
Press Contact
presse@cms-hs.com
