Silgan Holdings has completed its acquisition of Portola Packaging Inc., a leading manufacturer of plastic closures.
With the transaction valued at $266 million, the move by Silgan Holdings, a leading supplier of rigid packaging for shelf-stable food and other consumer goods products, was first announced in August 2013.
With sales of approximately $200 million in 2012, Portola Packaging operates eight facilities in North America and Europe.
With annual net sales of approximately $3.6 billion in 2012, Silgan operates 89 manufacturing facilities in North and South America, Europe and Asia, is a leading supplier of metal containers in North America and Europe, and a leading worldwide supplier of metal, composite and plastic closures for food and beverage products.