Silgan Announces Strategic Portfolio Acceleration; Establishes Partnership to Acquire Trivium

Silgan Holdings Inc. (SLGN) announced a proposed transaction to combine its Metal Containers segment and Food and Beverage Flat-Cap Closures businesses with Trivium Packaging B.V., in partnership with American Industrial Partners (AIP). The deal creates Silgan Metal Containers and Closures (Silgan MCC), a $7.3 billion diversified global metal packaging business. Silgan will receive approximately $2.3 billion in cash proceeds and retain 60% ownership in Silgan MCC, with AIP holding 40%. The transaction is expected to drive at least 15% accretion to Silgan's Adjusted EPS and Free Cash Flow, including $225 million in expected synergies. Silgan will host a conference call today, October 19, 2026, at 8:00 a.m. ET to discuss the acquisition.