CROWN HOLDINGS, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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B. Acquisitions and Divestitures
In December 2024, KPS Capital Partners LP completed the sale of Eviosys, including the Company’s approximate 20% ownership share. The Company received pre-tax proceeds of $338 and recorded a gain of $275 in the fourth quarter of 2024.
The Company’s share of Eviosys net earnings was a loss of$3 for the year ended December 31, 2024 and income of $9 for year ended December 31, 2023 and is reported in Equity in net earnings of affiliates in the Consolidated Statements of Operations. The Company received distributions of $83 in the year ended December 31, 2023.
In October 2023, the Company completed its acquisition of Helvetia Packaging AG ("Helvetia"), a beverage can and end manufacturing facility in Saarlouis, Germany for $126. The addition of Helvetia expanded the Company’s European Beverage
segment into Germany, adding capacity to serve growing demand for beverage cans.
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