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CCI approves Crown Holdings' acquisition of Signode

Press Trust of India  |  New Delhi 

Fair trade regulator has given its nod to the proposed acquisition of Signode Industrial Group Holdings (Bermuda) Ltd by packaging company

Signode provides transit and and solutions. Its principal products include and non- metallic strapping.

On the other hand, the US-based packaging firm Crown's primary products include and aluminium cans for food, beverage, household and other consumer products, glass bottles for products, and 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 (CCI).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 20:25 IST