Silgan Holdings, opens new tab and private equity firm American Industrial Partners said on Monday they would buy Trivium Packaging in a $3.4 billion deal, as the US consumer goods packaging maker looks to expand its footprint in Europe.
Silgan, whose customers include Campbell, opens new tab and Coca-Cola (KO.N), opens new tab, makes metal cans and dispensing products such as lotion pumps. Netherlands-based Trivium makes recyclable packaging material and is currently owned by Ontario Teachers' Pension Plan and Ardagh Group SA.
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