Investor Relations

GCS Extends Global Footprint In South Americas

Global Closure Systems has extended the range of products licensed to CROWN TAMPAS in Brazil. For many years CROWN TAMPAS, a Joint Venture owned by Petropar and Crown Holdings, has been a valued licensee of the Beverage Closures Division of GCS, producing closures for the Carbonated Soft Drinks and Mineral Water markets, and more recently has produced edible oil closures under license from GCS. The new license agreement allows CROWN TAMPAS to make and sell a very wide range of standard products from the GCS Speciality Closures Division serving the Pharmaceuticals, Personal Care, Food, Household and Industrial markets and includes full technical support from GCS. GCS have also extended the license territory of CROWN TAMPAS to cover Brazil, Argentina, Chile, Uruguay, Paraguay and Bolivia. It is hoped that the license will lead to the rapid expansion of CROWN TAMPAS exploiting the GCS standard closure range and that, through the manufacturing expertise of CROWN TAMPAS, GCS will be able to serve its global customers with manufacturing interests in the South Americas more effectively. Christian Voegeli, Chief Executive Officer of GCS stated: “We are delighted to extend the scope of the license agreement with CROWN TAMPAS, with whom we have had a long and successful partnership for many years. This will be of significant value to GCS in serving major multinational customers who are increasingly searching for closure suppliers able to commit to the supply of identical products to consistently high quality levels across the globe.” Exceptions to the license are closures for the Wines and Spirits market, which are licensed to other companies, and closures manufactured by GCS under license from third parties.

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