Silgan completes Portola acquisition

28 October 2013


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.



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