Updated: Silgan and American Industrial to acquire Trivium Packaging for $3.4 billion

The full text includes additional information and details.

Reuters, October 19 - Consumer goods packaging manufacturer Silgan Holdings (Silgan Holdings, SLGN.N) and American Industrial Partners announced on Monday that they will acquire Trivium Packaging, a deal that will value the European company (including debt) at $3.4 billion.

Silgan's share price rose about 6% in pre-market trading.

Private equity firm American Industrial Partners will inject about $1 billion into Silgan for the acquisition of Trivium and will hold approximately 40% of the merged company.

Trivium produces recyclable packaging materials and is currently jointly owned by Ontario Teachers' Pension Plan and Ardagh Group SA.

(To assist non-English speakers, Reuters provides automated translations of its reports into several other languages. As automated translations may contain errors or may not capture the intended context, Reuters does not guarantee the accuracy of the translated texts and provides them merely for the convenience of readers. Reuters accepts no responsibility for any harm or loss caused by the use of automated translation features.)