8-K·October 19, 2026 at 6:00 AM EDT·5 sources
Silgan Nears $3.4 Billion Purchase of Trivium Packaging
SLGN -1.2%EVR
SLGN · last 30 trading days+4.0% since the news
News
acquisition, log scale$3.4B
$100M$1B$10B$100B
What happened
- Silgan Holdings agreed to combine with Trivium Packaging in a transaction valuing Trivium at approximately $3.4 billion.
- American Industrial Partners will commit $1bn for a 40 percent stake in the transaction, according to PE Hub.
- Ontario Teachers’ Pension Plan and Ardagh Group are selling their stakes; Ardagh is selling its entire approximately 42% interest.
Transaction value
approximately $3.4 billion
AIP commitment
$1bn
AIP stake
40 percent
Trivium 2025 revenue
$3 billion
Why it matters
The transaction reshapes the global metal-packaging sector and gives Silgan and AIP exposure to Trivium’s consumer-packaging operations. It also provides Ardagh with estimated net cash proceeds of approximately $90 million for reinvestment or deleveraging.
What to watch. The transaction is expected to close in mid-2027, subject to regulatory approvals, works council consultations and other customary closing conditions.
Deal terms
acquisition
Silgan Holdings Inc. and funds affiliated with American Industrial Partners → Trivium Packaging B.V.
Value
$3.4B
Investors
American Industrial Partners
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Timeline
- EarlierOct 18Evercore appoints co-presidents as it sets up CEO succession contest
- First reported by BloombergOct 19Silgan Nears $3.4 Billion Purchase of Trivium Packaging
- PR Newswire reportsOct 19Ardagh Group Announces Sale of Trivium Packaging
- PE Hub reportsOct 19AIP to commit $1bn for 40 percent stake in Silgan’s $3.4bn Trivium deal
- The Wall Street Journal reportsOct 19Silgan to Combine With Trivium Packaging in $3.4 Billion Deal
- 8-K current reportOct 20Silgan Holdings Inc.: Material agreement
Who is involved
acquiringSilgan Nears $3.4 Billion Purchase of Trivium PackagingTrivium Packaging B.V.targetSilgan Holdings Inc. and funds affiliated with American Industrial PartnersSLGN · buyerEvercoreEVRJ.P. MorganBMO Capital MarketsWeil, Gotshal & Manges LLPPaul, Weiss, Rifkind, Wharton & Garrison LLPOntario Teachers’ Pension PlanArdagh Group
CompanyAdvisorInvestorThe deal
Sources (5)
- BloombergOct 19Silgan Nears $3.4 Billion Purchase of Trivium Packaging
- PR NewswireOct 19Ardagh Group Announces Sale of Trivium Packaging
- PE HubOct 19AIP to commit $1bn for 40 percent stake in Silgan’s $3.4bn Trivium deal
- The Wall Street JournalOct 19Silgan to Combine With Trivium Packaging in $3.4 Billion Deal
- SEC EDGAROct 20Silgan Holdings Inc.: Material agreement
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