CANPACK S.A. Announces Planned Simplified Merger with CP GLASS S.A. 

KRAKÓW, POLAND (July 16, 2026) – On July 15, 2026, CANPACK S.A. and CP GLASS S.A. agreed the merger plan pursuant to which CANPACK S.A. will acquire CP GLASS S.A. through an universal succession merger under the domestic laws of Poland. The transaction will be carried out under the simplified merger procedure, as both companies are under common control of a single shareholder, CANPACK Group, Inc., headquartered in Wayne, Pennsylvania (USA).  

Key Information 

Acquiring Company: CANPACK S.A. 

Target Company: CP GLASS S.A. 

The merger will be effected through the transfer of all assets, rights and obligations of CP GLASS S.A. to CANPACK S.A. 

The transaction will be completed without any increase in the share capital of CANPACK S.A., without the issuance of new shares, and without any share exchange. 

CANPACK S.A. and CP Glass S.A. will notify their shareholders of the intended merger in accordance with applicable legal requirements. 

The merger does not require an independent expert’s review of the merger plan or the preparation of certain documentation typically required for standard mergers, as permitted under the simplified procedure applicable to companies within the same capital group. 

Rationale and Impact on the CANPACK Group 

The merger represents an intra-group corporate reorganization and will not result in any changes to the ownership or control structure of the CANPACK Group, provided that as a result of the merger CANPACK S.A. will own all the shares of CP Glass S.A.’s subsidiaries currently owned by CP Glass S.A.. Its purpose is to simplify the Group’s corporate structure and consolidate assets and rights within CANPACK S.A. 

At present, CP GLASS S.A.: 

Does not own any real estate (the final property transfer agreements remain subject to registrations in the relevant Land and Mortgage Registers); 

Does not employ any personnel; and 

Holds only minority interests in other CANPACK Group companies, which, following the merger, will become the property of CANPACK S.A. and will remain fully controlled within the CANPACK Group. 

Effects of the Merger 

Upon registration of the merger, CANPACK S.A. will succeed to all rights and obligations of CP GLASS S.A., including ownership of its assets, corporate records, permits, licenses, and other rights. CP GLASS S.A. will be dissolved without undergoing liquidation proceedings. 

Following the disposal of the organized part of its business comprising the Orzesze Glassworks Plant, CP GLASS S.A. no longer conducts operational activities and does not employ any personnel. 

The proposed transaction is of a technical and organizational nature. No issuance of new shares is contemplated, and no changes to the control structure of the CANPACK Group are expected. The Management Board believes that the simplification of the corporate structure will enhance management efficiency and reduce administrative costs across the Group. 

Information Obligations

The documents of CANPACK S.A. and CP GLASS S.A. relating to the merger process, published in accordance with applicable legal requirements, are available at the following link: Our Policies – CANPACK