Crown Holdings, Inc., through its subsidiaries, is a global, diversified packaging business that manufactures metal cans and ends (aluminum and steel) for the beverage, food and aerosol industries and a wide range of transit packaging products and solutions from multiple substrates, including steel, paper, and plastic.
The company's transit packaging products include automation and equipment technologies, protective packaging solutions and steel and plastic consumables which are sold into the m...
Crown Holdings, Inc., through its subsidiaries, is a global, diversified packaging business that manufactures metal cans and ends (aluminum and steel) for the beverage, food and aerosol industries and a wide range of transit packaging products and solutions from multiple substrates, including steel, paper, and plastic.
The company's transit packaging products include automation and equipment technologies, protective packaging solutions and steel and plastic consumables which are sold into the metals, food and beverage, construction, agricultural, corrugated, and general industries.
As of December 31, 2024, the company operated 189 plants, along with sales and service facilities throughout 39 countries. Approximately 72% of the company's consolidated net sales were derived from the company's global beverage can business.
The company’s Twentyby30 program, which is a comprehensive sustainability strategy that outlines twenty measurable goals to be achieved by 2030, has accelerated critical initiatives and progress around carbon footprint management and efficient use of resources, among other issues.
The company continues to leverage the inherent eco-friendly benefits of its primary product, metal packaging, to advance toward its targets. The company is working in conjunction with industry partners to drive higher recycling rates and increase recycled content to ensure infinitely recycled metal packaging is available for generations of future use. Additionally, Transit Packaging uses recycled materials in its paper, cardboard and strapping products.
Segments
The company operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments.
Americas Beverage
The Americas Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends, glass bottles, steel crowns, and aluminum caps. Manufacturing facilities are located in the U.S., Brazil, Canada, Colombia, and Mexico.
European Beverage
The European Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends in Europe, the Middle East, and North Africa.
Asia Pacific
The Asia Pacific segment manufactures infinitely recyclable beverage cans and ends, food cans, and specialty packaging in Cambodia, China, Indonesia, Malaysia, Myanmar, Thailand, and Vietnam.
Transit Packaging
The company's Transit Packaging segment includes the company’s worldwide automation and equipment technologies, protective packaging solutions, and steel and plastic consumables. Automation and equipment technologies include manual, semi-automatic and automatic equipment and tools, which are primarily used in end-of-line operations to apply and remove consumables such as strap and film. Protective solutions include standard and purpose designed products, such as airbags, edge protectors, and honeycomb products, among others that help prevent movement of, and/or damage to, a wide range of industrial and consumer goods during transport. Steel and plastic consumables include steel strap, plastic strap, industrial film and other related products that are used across a wide range of industries. The automation and equipment business, along with the company’s product offering allow the company to offer a comprehensive solution to pack, wrap, strap, secure, and store products all over the world.
Other
The company's other segments (‘Other’) include the company's food can, aerosol can, and closures businesses in North America, as well as beverage tooling and equipment operations in the U.S. and the United Kingdom (‘U.K.’). The company manufactures a variety of food and aerosol cans and ends and closures in assorted shapes and sizes. The company’s customers include manufacturers of food, including pet food, personal care, household and industrial products.
Sales and Distribution
With its global reach, the company primarily markets and sells products to customers through its own sales and marketing staff. In some instances, contracts with customers are centrally negotiated, but products are ordered through and distributed directly by the company’s local facilities. The company’s facilities are generally located in proximity to their respective major customers. The company works closely with customers in order to develop new business and to extend the duration of existing contracts.
Competition
The company’s competitors include, but are not limited to, Ardagh Metal Packaging, Ball Corporation, Can-Pack S.A., Metal Container Corporation, Silgan Holdings Inc., Sonoco, and Trivium Packaging.
Customers
The company’s largest beverage can customers consist of many of the leading manufacturers and marketers of packaged consumer products in the world, including Anheuser-Busch InBev, Coca-Cola, Heineken, Keurig Dr Pepper, Molson Coors, Pepsi-Cola, and Refresco, among others. In addition to sales to Coca-Cola and Pepsi-Cola, the company also supplies independent licensees of Coca-Cola and Pepsi-Cola. The company’s top ten global customers represented in the aggregate approximately 48% of its 2024 consolidated net sales.
For the year ended December 31, 2024, two customers each accounted for 12% of the company's consolidated net sales. These customers are global beverage companies served by the company's beverage operations in the Americas, Europe and Asia.
Research and Development
The company spent $32 million in 2024 in its research, development & engineering (‘RD&E’) activities.
Intellectual Property (IP)
The company has licensed IP in geographic regions where the company has a limited market presence today. Existing technologies, such as SuperEnd beverage ends, 360 End beverage ends, Easy-Flow beverage ends, and can shaping have been licensed in Europe, Australia, Japan, and Africa to provide customers with global access to Crown's brand building innovations. The company’s Accents variable printing technology, which facilitates up to 24 different beverage can designs in a single run, and its Quantum debossing technology, which implements unique textures on food cans that replace can wall beading with proprietary debossed patterns, such as hexagonal or oval arrays, to prevent counterfeiting and reduce material usage by up to 13%.
Transit Packaging has grown its global patent portfolio to nearly 360 U.S. issued patents or pending patent applications and over 980 foreign issued patents or pending patent applications. The portfolio broadly covers over 350 customized technologies and spans diverse business platforms, as well as the different countries in which it operates.
History
Crown Holdings, Inc., a Pennsylvania corporation, was founded in 1892. The company was incorporated in 1991.