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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.
Italian can-end maker Easytech Packaging, headquartered in Fisciano, invested in four high-speed rotary liners capable of 1,200 lids per minute to enter the pet food packaging market. Henkel supplied its food-grade sealant for the can end production.
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%.
Silgan has completed its acquisition of Weener Packaging, according to the article headline. The article body contains no further details on deal value or sites.
Silgan Holdings has signed a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a producer of dispensing solutions, for an enterprise value of €838 million. Weener operates 19 facilities mainly in Europe and the Americas and had sales of about €450 million.
In its Q2 2022 earnings release, Silgan said it renewed a long-term contract with its largest steel food container customer. The customer and contract value were not named.
Silgan Holdings has acquired Easytech Closures, which makes easy-open metal ends at Fisciano, Italy, for EUR 31.5 million ($36.5 million). Easytech is projected to generate about EUR 38 million in 2021 sales.
Silgan Holdings acquired Unicep Packaging, a precision dosing dispensing packaging maker with two plants in Spokane, Washington and Sandpoint, Idaho, for $237 million, with projected 2021 sales of about $45 million.
Silgan Holdings has completed the acquisition of Albéa's pump manufacturing, metal conversion (Covit in Europe and the US) and Brazil operations. Albéa retains its tubes, rigid cosmetic packaging and beauty solutions businesses, and a transition services agreement was signed.
The US Federal Trade Commission has approved Silgan's $900 million purchase of the dispenser and tube business of French cosmetics packaging firm Albea, which Silgan expects to add $20 million in annual earnings.
Silgan Holdings signed a binding offer to acquire the dispensing business of Albea for $900 million, adding engineered pumps, sprayers and foam dispensing solutions for personal care. Completion is subject to regulatory approvals and is expected in the first half of 2020.
Silgan Holdings has initiated construction of a new manufacturing facility in Fort Smith, Arkansas, planned as a 100,000-square-foot plant employing about 150 people. The city approved $38 million in industrial development revenue bonds for the project, to be repaid by Silgan.
Silgan Holdings agreed to buy WestRock's specialty closures and dispensing business for about $1 billion, a purchase that includes 13 plants.
