Crown Holdings Inc. (CCK): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report

Headquartered in Philadelphia, PA, Crown Holdings, Inc. CCK is a leading global manufacturer of packaging products for consumer goods. Crown makes a wide variety of steel and aluminum cans for food, beverage, household and other consumer products and metal vacuum closures and caps. As of Dec 31, 2013, the company operated 147 plants along with sales and service facilities in 40 countries and employed approximately 21,300 people.

The company has significant overseas exposure, with about 33% of its sales in the United States and Canada. Its business is organized geographically in three divisions, namely, Americas (36% of total sales), European (40%) and Asia-Pacific (14%). Each geographical division is further categorized per product lines.

Americas Division ? The division includes operations in the U.S., Brazil, Canada, the Caribbean, Colombia and Mexico. These operations manufacture beverage, food and aerosol cans and ends, specialty packaging and metal vacuum closures and caps. Reportable segments in the division are:

Americas Beverage (26% of the company's total sales in 2013): The segment manufactures aluminum beverage cans and ends and steel crowns in the U.S., Brazil, Canada, Colombia and Mexico.

North America Food (10%): The segment manufactures steel and aluminum food cans and ends and metal vacuum closures in the U.S. and Canada.

EUROPEAN DIVISION ? The division includes operations in Eastern and Western Europe, the Middle East and North Africa. These operations manufacture beverage, food and aerosol cans and ends, specialty packaging and metal vacuum closures and caps. Reportable segments in the division are -

European Beverage (20%): The segment manufactures steel and aluminum beverage cans and ends in Europe, the Middle East and North Africa.

European Food (20%): The segment manufactures steel and aluminum food cans and ends, and metal vacuum closures, in Europe and Africa.

ASIA PACIFIC DIVISION (14%) ? The division is a reportable segment which primarily consists of beverage can operations in Cambodia, China, Malaysia, Singapore, Thailand and Vietnam and also includes the company's non-beverage can operations, primarily food cans and specialty packaging in China, Singapore, Thailand and Vietnam.

The company's non-reportable segments (10%) include its European Specialty Packaging business, its aerosol can businesses in North America and Europe and its tooling and equipment operations in the U.S. and United Kingdom.