Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedCANPACK Group is a leading manufacturer of beverage packaging.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedStopped new investments.
The company has stopped investing in Russia, but the company's plants in Russia continue to operate. Business seizure. The Russian assets of the Polish-American CanPack were transferred to the management of companies from the Russian Federation in accordance with Putin's decrees, which he signed on December 31, 2025. The Russian company "StalElement" received 100% of LLC "Can-Pak" and LLC "Can-Pak Packaging Plant" - Russian Canpack factories engaged in the production of metal containers. The decree comes into effect from the date of official publication, i.e. from January 13, 2026. On September 10, 2026, CANPACK Group completed its full exit from Russia by selling its remaining nominal shareholdings in LLC “CAN-PACK” (ООО «Кэн-Пак») and LLC “CAN-PACK Packaging Plant” (ООО «Кэн-Пак Завод упаковки») to a third-party buyer for US$122 million. The Russian operations had been placed under external management on December 31, 2025, after which CANPACK lost all financial, operational, and managerial control over its Russian assets and deconsolidated the businesses, recording a US$354.7 million loss under US GAAP. Following the completion of the sale, CANPACK no longer has any presence in Russia, and its former Russian operations will no longer use the CANPACK name or brand.
| January 14, 2026 | Putin took factories from two Western companies |
| January 13, 2026 | Putin took Russian factories from two more European companies |
| January 13, 2026 | Putin took Russian factories from two more European companies |
| January 13, 2026 | Rockwool and Canpack Become Latest Western Firms Hit by Russian Asset Takeover |
| June 15, 2023 | CANPACK contact details |
| November 10, 2022 | Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain | Yale School of Management |
| May 11, 2022 | CANPACK STATEMENT REGARDING UKRAINE AND RUSSIA |
| December 25, 2021 | BUSINESS UPDATE |