Heineken to sell Mexico packaging unit

Dutch brewer Heineken said that it had agreed to sell its Mexican packaging operations to Crown Holdings Inc. in a deal that valued the business at about $1.2 billion.

Selling the unit, Empaque, is part of Heineken’s continuing effort to focus on brewing and marketing its beer brands and will provide the company with further financial flexibility, Heineken said.

Empaque, which is based in Monterrey, Mexico, produces metal beverage cans, glass bottles and other components used in beverage packaging.

Source: New York Times