Beta
Today
Private equityCapital & Financial MarketsPortfolio & Strategy 19 Oct 2026

Silgan combines metal packaging units with Trivium in USD 3.4bn deal

Silgan Holdings is to combine its Metal Containers segment and Food and Beverage Flat Cap Closures business with Trivium Packaging, currently owned by Ontario Teachers' Pension Plan and Ardagh Group, to form Silgan Metal Containers and Closures. The all-cash deal values Trivium at USD 3.4bn enterprise value, 7.1x LTM adjusted EBITDA (4.8x including expected synergies), and Silgan's contributed units at USD 3.8bn, 8.1x LTM adjusted EBITDA. Silgan will hold 60% and American Industrial Partners 40%, with the Trivium acquisition expected to close in mid-2027.

Why this mattersThe deal creates a larger metal containers and closures group across North America and Europe, while USD 2.3bn of cash proceeds lets Silgan retire debt.

  • Trivium valued at approximately USD 3.4bn enterprise value, 7.1x LTM adjusted EBITDA.
  • Including USD 225m of expected synergies, the Trivium valuation falls to 4.8x LTM adjusted EBITDA.
  • Silgan's contributed Metal Containers and Flat Cap Closures businesses are valued at USD 3.8bn, 8.1x LTM adjusted EBITDA.
  • Silgan will receive approximately USD 2.3bn in cash proceeds to retire existing debt and retain 60% control of the new entity, Silgan Metal Containers and Closures.
  • American Industrial Partners will hold the remaining 40% and contribute approximately USD 1.0bn of cash equity.
  • The acquisition of Trivium is expected to close mid-2027.
Silgan Ardagh Metal Packaging counterparty Ontario Teachers' Pension Plan counterparty Trivium Packaging counterparty American Industrial Partners counterparty
Sources borsaitaliana.it se.marketscreener.com SV
Relevant to you?

Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-20 · Edited before publication: Facts match the source. 'Why this matters' replaced: 'leading global supplier' and 'consolidating closures competition' were not supported. The Ardagh Metal Packaging company tag is wrong: Trivium's co-owner is Ardagh Group. The directory needs correcting.
  • 2026-10-20 · Edited before publication: All facts check against the excerpts. The summary now names Trivium's current owners, which the Swedish source gives. The company tag 'Ardagh Metal Packaging' is wrong: the source names Ardagh Group as co-owner, so the tag should be Ardagh Group.