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Ardagh Group agreed to sell its entire roughly 42% minority stake in Trivium Packaging as part of the Ontario Teachers' sale to Silgan and American Industrial Partners, with about $90 million net cash proceeds expected. The sale is expected to close in mid-2027.
Silgan, Trivium and American Industrial Partners announced a transaction combining Silgan's metal containers and flat cap closures businesses with Trivium into Silgan MCC, with Trivium valued at about $3.4 billion enterprise value. Silgan keeps 60% ownership and receives about $2.3 billion in cash.
Platinum Equity is in advanced talks to acquire Dutch metal packaging maker Trivium Packaging for USD 3.5 billion from Ontario Teachers' Pension Plan Board and Ardagh Group, with a final agreement expected within weeks.
Silgan Holdings and American Industrial Partners agreed to acquire Netherlands-based metal packaging supplier Trivium Packaging via a new Silgan MCC group, at an enterprise value of about $3.4 billion. The deal is expected to close in mid-2027, subject to regulatory approvals.
Ardagh Group agreed to sell its entire ~42% minority stake in metal packaging maker Trivium Packaging as Ontario Teachers' sells its majority stake to Silgan Holdings and American Industrial Partners. The deal values Trivium at about $3.4 billion, with about $90 million net cash proceeds to Ardagh; closing is expected mid-2027.
Silgan Holdings and funds affiliated with American Industrial Partners agreed to acquire Trivium Packaging in an all-cash deal of about $3.4 billion. The combined aluminum and metal packaging business, Silgan Metal Containers and Closures, is valued at $7.3 billion, with Silgan holding 60%.
Ardagh Group SA and Element Holding II LP notified the Moroccan Competition Council of a joint venture, Trivium Packaging BV, in metal packaging manufacturing and distribution.
Platinum Equity is reportedly negotiating to buy metal packaging maker Trivium Packaging from owners Ardagh Group and the Ontario Teachers' Pension Plan for more than $3.5 billion, according to Bloomberg sources. The deal is not yet guaranteed.
Private credit funds are reportedly in talks to provide up to $2.5bn of financing for a sale of US metal packaging maker Trivium Packaging, which could be worth more than $3.5bn, according to Bloomberg sources.
Private credit funds are reportedly preparing up to $2.5 billion of financing for a possible sale of US packaging firm Trivium Packaging, which owners Ardagh Group and Ontario Teachers' Pension Plan are exploring.
Ardagh Group is reportedly weighing a sale of metal packaging company Trivium Packaging, working with Ontario Teachers' Pension Plan on a possible auction. Bloomberg reported the packaging unit could fetch more than $3.5 billion.
Trivium Packaging is investing $51 million in two new aluminum monobloc production lines at its Youngstown site, adding 93 jobs to meet demand in aerosol and beverage markets.
Trivium Packaging will invest close to $40 million to add aluminum aerosol can and bottle capacity at its Youngstown, Ohio plant and its Itupeva, Brazil plant, announced 10 March 2022.
Trivium Packaging is investing $40 million to install new aluminum impact-extruded can and bottle lines at its Youngstown, Ohio and Itupeva, Brazil plants. The added capacity is expected in 2023 to meet demand from aerosol and beverage customers.
Ardagh Group and a Canadian teachers' fund reportedly plan to sell their food and speciality metal cans joint venture Trivium Packaging next year, with Citigroup and Evercore hired as advisers. The enterprise value could exceed $4 billion.
Trivium Packaging is upgrading its production line and expanding its building at South Centre Township, Columbia County, with over $7 million of investment to handle receiving of steel coil shipments. The upgrades retain 76 existing jobs.
Moroccan seafood canner Unimer Group selected Trivium to supply aluminium club cans for its Titus sardine and anchovy brand, produced at Trivium's plant in Pontevedra, Spain, for export to France and Belgium.
Dairy group Ausnutria and packaging company Trivium are jointly building a EUR 30 million can factory at the Internationaal Bedrijvenpark Friesland in Heerenveen, under a ten-year contract, to produce 150 million cans per year for infant formula, with completion expected end 2020.
Dairy group Ausnutria and packaging company Trivium are building a new can factory at the Internationaal Bedrijvenpark Friesland in Heerenveen for EUR 30 million, shared between them. The plant is due for completion at end 2020 and needs 50 to 60 workers.
Hoffmann Neopac is acquiring the production lines for hinged lid cans from Trivium Packaging in Deventer, the Netherlands. The purchase price was not disclosed.
Trivium Packaging and Ausnutria have signed a 10-year contract for Trivium to produce different can sizes with its peel-off lid, supplying Ausnutria's factories in Heerenveen and Leeuwarden.
Ausnutria and Trivium Packaging are building a joint-venture can manufacturing plant of more than 10,000 square meters at Ausnutria's Heerenveen site in the Netherlands, expected to open in 2020 with capacity above 150 million cans by 2021.
Ardagh Group completed the merger of its Food & Speciality can business with Exal Corporation to create Trivium Packaging, jointly controlled by Ardagh and the Ontario Teachers' Pension Plan Board. The deal was completed on 31 October 2019.
Ardagh completed the combination of its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, holding about 43% and receiving $2.5 billion in cash.
Ardagh Group sold a 57% stake in its Food & Specialty business to Ontario Teachers' Pension Plan, which merged it with Exal into Trivium Packaging. The Food & Specialty part was sold for USD 2.5 billion, and Ardagh keeps a 43% stake in Trivium.
Ardagh Group agreed to combine its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, a metal packaging company with 57 facilities and about 7,800 employees, headquartered in the Netherlands. Ardagh will hold 43% and receive about $2.5 billion in cash, with completion expected later in 2019.
Exal Group, the aluminum can maker acquired by Stonebridge Partners in 2010, combined with Ardagh Group's food and specialty metal packaging division in October 2019 to form Trivium Packaging, with Ardagh holding 43% and Ontario Teachers' and Stonebridge controlling 57%.
