The leading manufacturer of canmaking process equipment for beverage cans, Stolle Machinery, is to be bought by Toyo Seikan, company president Shunji Kaneko has announced.
Japan’s biggest canmaker is planning to use the US$775 million acquisition to enable the expansion of its Toyo ULtimate Can (TULC) environmentally-friendly technology on a global scale.
But it says that US-based Stolle’s current business – worth US$250 million a year – will be unaffected by the move. Stolle supplies most of the machinery used in beverage can plants which use drawn-and-wall-ironed (D&I) technology.
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