Silgan to acquire Graham Packaging

 CONSUMER goods packaging products supplier, Silgan Holdings Inc, announced it has entered into a definitive merger agreement to acquire Graham Packaging Company Inc, which manufactures rigid plastic containers for the food, specialty beverage and consumer products markets. The transaction is valued at approximately $4.1 billion, including Graham's net debts.
"This acquisition creates the premier Food and Specialty Beverage packaging company, allowing Silgan to significantly broaden its ability to serve these important markets with multiple rigid packaging options," said Tony Allott, Silgan president and CEO.
The combined company has annual sales of over $6.2 billion, and its over 17,000 employees will operate 180 manufacturing facilities in 19 countries.Nike Hyperdunk 2017