Silgan to Form New Business With Planned Trivium Packaging Acquisition

08:03 AM EDT, 10/19/2026 (MT Newswires) -- Silgan (SLGN) plans to acquire Trivium Packaging and combine it with its metal containers and food and beverage flat cap closures businesses, creating Silgan Metal Containers and Closures or Silgan MCC, the consumer goods packaging maker said Monday. The all-cash deal, valuing Trivium at $3.4 billion, is expected to close mid-2027, subject to regulatory approvals and other closing conditions, Silgan said. Silgan also expects $2.3 billion in cash proceeds from the creation and capitalization of Silgan MCC, with the company owning a 60% stake, while American Industrial Partners will own the remaining 40% and will provide $1 billion in cash equity, it said. Following the transaction, Silgan's dispensing and custom containers businesses will be under a new segment named Silgan Dispensing Solutions, the company said. Silgan expects the transaction to generate $225 million in synergies after the third year and drive adjusted earnings per share accretion by at least 15%.