Silgan Plans Trivium Acquisition at $3.4 Billion Enterprise Value

Silgan Holdings Inc. and funds affiliated with American Industrial Partners plan to acquire Trivium Packaging B.V. at a $3.4 billion enterprise value, in a deal that would create a Silgan-controlled metal packaging partnership. The transaction announced Oct. 19 would bring Trivium together with Silgan’s Metal Containers segment and Food and Beverage Flat Cap Closures businesses. The resulting partnership, Silgan Metal Containers and Closures, would be 60% owned by Silgan and 40% owned by the American Industrial Partners funds. Silgan expects about $2.3 billion in cash proceeds, which it plans to use to retire certain existing debt.

Source: TokenPost