Key Takeaways
- • Silgan Holdings Inc. announced on Monday a partnership with American Industrial Partners to acquire Trivium Packaging, an Amsterdam-based metal packaging manufacturer, in a deal valuing Trivium at about $3.4 billion including debt.
- • The combined business, to be called Silgan Metal Containers and Closures, would generate approximately $7.3 billion in annual sales, serving food and beverage customers primarily in North America and Europe.
- • Silgan will hold 60% of the combined business and American Industrial Partners will hold 40%, with the private equity firm investing about $1 billion and borrowing funding the balance.
- • Silgan expects to receive about $2.3 billion in cash from the transaction, which it plans to use to repay existing debt.
- • The combination is expected to deliver $225 million in annual savings by the end of the third year, with closing anticipated in mid-2027 subject to regulatory approvals.
Summary
Silgan Holdings Inc., the Norwalk, Connecticut-based manufacturer of food cans, bottle caps and other consumer packaging, said Monday that it is partnering with American Industrial Partners to acquire Trivium Packaging, an Amsterdam-based metal packaging manufacturer with 7,200 employees and about $3 billion in annual sales. The transaction values Trivium at approximately $3.4 billion including debt, according to the company's announcement as reported by the Hartford Business Journal.
Under the structure, Trivium would be combined with Silgan's metal container and certain food and beverage bottle-cap operations into a new entity called Silgan Metal Containers and Closures. The combined business would have roughly $7.3 billion in annual sales, serving food and beverage customers primarily in North America and Europe. Silgan will own 60% of the venture and American Industrial Partners will own 40%. The private equity firm will invest about $1 billion, with borrowing providing the remaining funding.
Silgan would receive about $2.3 billion in cash as part of the deal, which it plans to use to repay existing debt. The company said its headquarters will remain in Norwalk. Its other operations, including businesses making dispensing systems and custom containers for fragrances, cosmetics, food and other products, will remain fully owned and be grouped into a separate business segment.
Silgan expects the combination to generate $225 million in annual savings by the end of the third year through purchasing, operational and administrative changes. The acquisition is expected to close in mid-2027, subject to regulatory approvals and other conditions. Silgan had approximately $6.5 billion in sales in 2025 and operates 120 manufacturing facilities across North and South America, Europe and Asia.
Under the structure, Trivium would be combined with Silgan's metal container and certain food and beverage bottle-cap operations into a new entity called Silgan Metal Containers and Closures. The combined business would have roughly $7.3 billion in annual sales, serving food and beverage customers primarily in North America and Europe. Silgan will own 60% of the venture and American Industrial Partners will own 40%. The private equity firm will invest about $1 billion, with borrowing providing the remaining funding.
Silgan would receive about $2.3 billion in cash as part of the deal, which it plans to use to repay existing debt. The company said its headquarters will remain in Norwalk. Its other operations, including businesses making dispensing systems and custom containers for fragrances, cosmetics, food and other products, will remain fully owned and be grouped into a separate business segment.
Silgan expects the combination to generate $225 million in annual savings by the end of the third year through purchasing, operational and administrative changes. The acquisition is expected to close in mid-2027, subject to regulatory approvals and other conditions. Silgan had approximately $6.5 billion in sales in 2025 and operates 120 manufacturing facilities across North and South America, Europe and Asia.
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