Silgan Holdings Expands with Weener Plastics Acquisition

Silgan Holdings (SLGN) has shared an announcement.

Silgan Holdings Inc. is set to acquire Weener Plastics Holding B.V., a key player in the production of dispensing solutions for various sectors, at an enterprise value of €838 million. Weener boasts a global presence with 19 facilities and roughly 4,000 employees, and for the last twelve months reported sales of €450 million. Slated for completion in the fourth quarter of 2024, the deal is contingent on standard regulatory approvals and customary conditions, with the funding mix expected to include cash reserves and secured credit borrowings.

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