News about SLGN

Silgan Holdings and private equity firm American Industrial Partners agreed to buy Trivium Packaging for $3.4 billion (€3.03 billion) to expand Silgan's footprint in Europe. Netherlands-based Trivium, currently owned by Ontario Teachers' Pension Plan and Ardagh Group, will be combined with Silgan's metal businesses into a global metal packaging business valued at $7.3 billion. American Industrial Partners will invest about $1 billion for a 40% stake, while Silgan keeps 60% and receives about $2.3 billion in cash proceeds; the deal is expected to close in mid-2027. Higher raw material costs have squeezed packaging margins, and Silgan shares, down about 6% year to date, rose about 9% in afternoon trading.