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PHILADELPHIA, May 3 /PRNewswire-FirstCall/ -- ����̽�� Cork & Seal Company, Inc. (NYSE: CCK) today announced that it has completed the sale of the metal closure assets of its Danish subsidiary, ����̽�� Cork Company Scandinavia A/S, located in Taastrup, Denmark to Pelliconi Scandinavia A/S.

����̽�� Cork Company Scandinavia A/S manufactures, sells and distributes metal closures (crowns) for glass bottles to the brewery and soft drink industries in Scandinavia. Revenues for the business, which employs approximately 40 people, were approximately 8 million euros in 2001. The subsidiary also sells and distributes plastic closures on behalf of ����̽�� Obrist AG, based in Switzerland. In the future, the plastic closure activity will be handled directly by ����̽�� Obrist from Switzerland.

����̽�� Cork & Seal is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.

SOURCE ����̽�� Cork & Seal Company, Inc.
Web site:
CONTACT: Timothy J. Donahue, Senior Vice President - Finance of ����̽�� Cork & Seal, +1-215-698-5100