Signode provides transit and protective packaging systems and solutions. Its principal products include steel and non- metallic strapping.
On the other hand, the US-based packaging firm Crown's primary products include steel and aluminium cans for food, beverage, household and other consumer products, glass bottles for beverage products, and metal vacuum closures and caps.
"@CCI_India approves acquisition of Signode Industrial Group Holdings by Crown Holdings," the fair trade regulator said in a tweet yesterday.
Deals beyond a certain threshold require clearance of the Competition Commission of India (CCI).
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