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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.
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%.
American Industrial Partners has signed an agreement to acquire a majority interest in Ingersoll Rand's High Pressure Solutions segment, a maker of high-pressure pumps, for approximately $300 million. Ingersoll Rand will keep a 45% equity stake and closing is expected in the first half of 2021.
Ingersoll Rand agreed to sell a majority stake in its High Pressure Solutions segment to American Industrial Partners for about $300 million. The deal was expected to close in the first half of 2021.
