CANPACK to cease production at Kamoko

Business Update    |   January 27, 2025

Wayne, Pennsylvania and Krakow, Poland (January 27, 2025) – Today, CANPACK Group announced that effective March 31, 2025, it would cease production at Kamoko, its metal closures subsidiary located in Modrice, Czech Republic. The decision was made as part of the Company’s ongoing effort to optimize assets and streamline capacity. The production assets of Kamoko will be transferred to CANPACK’s metal closures facility in Tarnów, Poland. The closure is not expected to have a material impact on CANPACK’s financial results and CANPACK’s capabilities to satisfy customer demand.