Silgan and American Industrial to buy Trivium Packaging in $3.4 billion deal
SLGN•Silgan Holdings and American Industrial Partners will acquire Trivium Packaging in a deal valuing the European firm at $3.4 billion, including debt. The transaction is expected to close in mid-2027 and would create a combined metal packaging business valued at $7.3 billion.
1. Deal terms
Silgan Holdings and American Industrial Partners will acquire Trivium Packaging in a deal valuing the European firm at $3.4 billion, including debt. The transaction will combine Silgan’s metal packaging business with Trivium, creating a global metal packaging business valued at $7.3 billion.
2. Investment and ownership
American Industrial Partners would invest about $1 billion in Silgan’s purchase of Trivium and own about 40% of the combined company. Silgan said the partnership will generate about $2.3 billion in cash proceeds for the company while allowing it to retain a 60% stake in the venture.
3. Forecast and timing
Silgan reaffirmed its full-year adjusted net income per share forecasts and said the deal is expected to close in mid-2027. Trivium makes recyclable packaging material and is currently owned by Ontario Teachers’ Pension Plan and Ardagh Group SA.
