 Brand-Building Packaging | |
| Company type | Public company |
|---|---|
| Traded as | |
| Industry | Packaging |
| Founded | 1892; 132 years ago (1892) |
| Founder | William Painter |
| Headquarters | Yardley, Pennsylvania, U.S. |
| Key people | Timothy J. Donahue (CEO, President, and Chairman of the Board) Kevin C. Clothier (CFO and SVP) |
| Products |
|
| Revenue |  US$12.0 billion (2023) |
| Operating income | US$1.26 billion (2023) |
| Net income | US$450 million (2023) |
| Total assets |  US$15.03 billion (2023) |
| Total equity | US$454 million (2023) |
| Number of employees | c. 25,000 (2023) |
| Website | www.crowncork.com |
| Footnotes / references | |
Crown Holdings, Inc., formerly Crown Cork & Seal Company, is an American company that makes metal beverage and food cans, metal aerosol containers, metal closures and specialty packing. Founded in 1892, it is headquartered in Yardley, Pennsylvania. As of their annual report for 2020, Crown employs 33,264 people at 192 plants in 39 countries. It claims to manufacture one out of every five beverage cans used in the world, and one out of every three food cans used in North America and Europe. The company is ranked No. 286 in the Fortune 500 list for 2022 and is number one in the packaging and container industry for the same list.
History
William Painter, an Irish-born American, invented the crown cap for bottled carbonated beverages in 1891 and obtained patents 468,226 and 468,258 for it on February 2, 1892. He founded his own manufacturing business, the Crown Cork and Seal Company, in Baltimore and set out on a campaign to convince bottlers that his cap was the right one to use on their products. By 1898, he had created a foot-powered crowner device to sell to bottlers and retailers so that they could seal the bottles with his caps quickly and easily. This helped gain acceptance of his bottle caps. By 1906, Crown had opened manufacturing plants in Brazil, France, Germany, Japan, and the United Kingdom.
In 1927, after a merger with New Process Cork Company, Crown Cork and Seal Company was established in New York City. Crown Cork International Corporation was established in the subsequent year to assist subsidiaries engaged in bottle crown and other cork business outside the United States.
By the 1930s, Crown was selling half of the world's supply of bottle caps. Crown entered the tin can business in 1936 with the purchase of the Acme Can Company of Philadelphia, which led to the creation of the Crowntainer, a funnel-shaped beer can, the following year.
To address market changes after World War I and Prohibition, Crown then focused heavily on soft drinks. During World War II, Crown produced war products such as the Kork-N-Seal, the Pour-N-Seal, and the Merit Seal, as well as gas mask canisters. John Connelly took over the presidency of the company and moved the headquarters from Baltimore to Philadelphia in the late 1950s. In 2003, Crown restructured as a public holding company. In 2005 and 2006 Crown exited the plastics industry with the sale of its Global Plastic Closure and its cosmetics packaging businesses.
In August 2023, it was announced Crown had acquired Helvetia Packaging - a beverage can manufacturing facility in Saarlouis, Germany.
Regions
- Americas Division: Headquartered in Philadelphia, PA, and serves North, Central and South America, with 46 plants and 5,600 employees which produce aerosol, beverage, food and specialty packaging, as well as metal closures.
- European Division: Headquartered in Zug, Switzerland, and serves Europe, Africa and the Middle East with 71 plants and 11,200 employees which produce aerosol, beverage, food and specialty packaging, as well as metal closures.
- Asia Pacific Division: Headquartered in Singapore, and serves Asia Pacific with 32 plants, 4,300 employees with aerosol, beverage, and food packaging, as well as metal closures.
See also
- Crown cork
- King C. Gillette, was inspired while working as a salesman for Crown Cork and Seal to create a disposable product, the safety razor blade
References
- "Annual Report". Retrieved 29 October 2021.
- ^ "About Crown". Archived from the original on 15 February 2015. Retrieved 23 January 2016.
- "Crown Holdings". Fortune. Retrieved 2021-10-29.
- ^ "History and Timeline - Crown". Archived from the original on 15 February 2015. Retrieved 23 January 2016.
- Sharma, Soumya (2023-08-04). "Crown to boost beverage can footprint with Helvetia Packaging acquisition". Packaging Gateway. Retrieved 2023-08-04.
- "Facts and Figures". Retrieved 23 January 2016.
- "Facts and Figures". Retrieved 23 January 2016.
- "Facts and Figures". Archived from the original on 19 December 2015. Retrieved 23 January 2016.
External links
- Official website
- Business data for Crown Holdings, Inc.:
- William Painter, inventor of the Crown Cap