Silgan Holdings, a US supplier of rigid consumer goods packaging, under a merger agreement is to acquire Graham Packaging Company, a global supplier of rigid plastic containers for the food, speciality beverage and consumer products markets, for about US$1.3 billion.
The acquisition will allow Silgan to ‘significantly’ broaden its ability to serve important markets with multiple rigid packaging options, says Tony Allott, Silgan's President and Chief Executive Officer.
The combined company has annual sales of over US$6.2 billion. More than 17,000 employees will operate 180 manufacturing facilities in 19 countries.
