We advised Cerberus and CSI on the transaction

Davis Polk advised Cerberus Capital Management and its portfolio company Closure Systems International Group Inc. (CSI) in connection with its acquisition of two North American beverage closures compression molding facilities from Amcor plc. Financial terms of the transaction were not disclosed.

Founded in 1992, Cerberus is an established alternative investment advisor with approximately $65 billion in assets across complementary credit, private equity and real estate platforms.

CSI is a global leader in designing and manufacturing innovative closures and capping systems for high-speed applications across consumer and industrial markets. Major categories served include carbonated soft drinks, bottled water, juices, isotonics, teas, adult beverages, dairy, foods, pharmaceutical and automotive fluids.

Amcor is a global packaging company providing solutions across food, beverage, healthcare and consumer products markets.

The Davis Polk corporate team included partner William J. Chudd, counsel Albert Zhu and associates Ben Deutsch and Jesse A. Miot. Partner Nikolaus Caro provided sponsor finance advice. Partner Michael J. Rishty and associate Edward Peck provided real estate advice. Partner Pritesh P. Shah provided intellectual property advice. Partner Adam Kaminsky provided executive compensation advice. Partner William A. Curran provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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