Platinum Equity

Platinum Equity in talks to buy Trivium Packaging for USD 3.5bn

Platinum Equity is in advanced talks to acquire Dutch metal packaging maker Trivium Packaging for USD 3.5 billion from current owners Ontario Teachers' Pension Plan Board and Ardagh Group S.A. The private equity firm has emerged ahead of other bidders, including Sonoco, which dropped out after its USD 3.9 billion purchase of Eviosys in June 2024. A final agreement is expected within weeks, though talks are not guaranteed to conclude.

Why this mattersA USD 3.5bn buyout would reshape ownership of a top-tier metal packaging supplier and signal renewed private-equity appetite for large sector assets.

• Platinum Equity is negotiating to acquire Trivium Packaging for USD 3.5 billion.
• Sellers are Ontario Teachers' Pension Plan Board and Ardagh Group S.A.
• Deal expected to close within coming weeks, pending final agreement.
• Trivium reported annual revenue of USD 3.1 billion and employs 7,500 people across 60 sites.
• Trivium was formed in 2019 from the merger of Exal Corp. and Ardagh's food and speciality packaging business.
• Sonoco had earlier been a bidder but withdrew after buying Eviosys for USD 3.9 billion in June 2024.

Relevant to you? Yes No