Silgan Completes Acquisition of Weener Packaging
15 Outubro 2024 - 8:30AM
Business Wire
Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of
sustainable rigid packaging solutions for the world's essential
consumer goods products, announced today that it has completed its
acquisition of Weener Plastics Holdings B.V., a leading producer of
differentiated dispensing solutions for personal care, food and
healthcare products. Weener operates a global network of 19
facilities predominantly in Europe and the Americas, with
approximately 4,000 employees and proprietary manufacturing
technologies including significant clean room capabilities.
The Company funded the purchase price for this acquisition and
related costs and expenses through term and revolving loan
borrowings under its senior secured credit facility, including a
€700 million incremental term loan. Silgan expects to realize
operational cost synergies related to the acquisition of
approximately €20 million within 18 months. The transaction is
expected to be slightly accretive to adjusted earnings per share in
2024, with approximately 10% accretion once fully integrated and
with synergies achieved.
Silgan is a leading supplier of sustainable rigid packaging
solutions for the world's essential consumer goods products with
annual net sales of approximately $6.0 billion in 2023. Silgan
operates 124 manufacturing facilities in North and South America,
Europe and Asia. The Company is a leading worldwide supplier of
dispensing and specialty closures for fragrance and beauty, food,
beverage, personal and health care, home care and lawn and garden
products. The Company is also a leading supplier of metal
containers in North America and Europe for pet and human food and
general line products. In addition, the Company is a leading
supplier of custom containers for shelf-stable food and personal
care products in North America.
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version on businesswire.com: https://www.businesswire.com/news/home/20241015551965/en/
Alexander Hutter Vice President, Investor Relations
AHutter@silgan.com 203-406-3187
Silgan (NYSE:SLGN)
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