Global Closure Systems is a privately-owned French

France

The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

 company producing closures for beverage containers and other purposes. It operates from 26 plants globally under various brand names, including Astra Plastique, Bender, Massmould, Obrist, UCP and Zeller

Zell (Mosel)

Zell is a town in the Cochem-Zell district in Rhineland-Palatinate, Germany. Zell has roughly 4,300 inhabitants and is the seat of the like-named Verbandsgemeinde.-Location:...

 Plastik.

History

The company was created as a result of the purchase by PAI Partners

PAI Partners

PAI partners is a major European private equity house and is the leading private equity investor in the French market. It is one of the oldest and most experienced firms in the sector with its origins dating back to Paribas Affaires Industrielles, the historical principal investment activity of...

, a French private equity firm, of the closures business previously operated by Crown Holdings

Crown Holdings

Crown Holdings Incorporated , formerly Crown Cork & Seal Company, is an American company producing packaging. Founded in 1892, it is currently headquartered in Philadelphia, Pennsylvania. From a modest beginning in 1892, the company had emerged as the world’s leading packaging company, and as of...

Inc for $750 million.