{"id":21870,"date":"2020-01-28T08:57:32","date_gmt":"2020-01-28T08:57:32","guid":{"rendered":"https:\/\/www.emballagedigest.fr\/?p=21870"},"modified":"2020-01-28T08:57:32","modified_gmt":"2020-01-28T08:57:32","slug":"silgan-unveils-binding-offer-to-acquire-albea-s-dispensing-business","status":"publish","type":"post","link":"https:\/\/www.emballagedigest.fr\/en\/silgan-unveils-binding-offer-to-acquire-albea-s-dispensing-business\/","title":{"rendered":"Silgan unveils binding offer to acquire Albea\u2019s dispensing business"},"content":{"rendered":"

Silgan Holdings Inc., a leading supplier of rigid packaging for consumer goods products, announced today that it has signed a binding offer to acquire Albea\u2019s dispensing business for $900 million. This business is a leading global supplier of highly engineered pumps, sprayers and foam dispensing solutions to major branded consumer goods product companies in the Beauty and Personal Care markets.<\/p>\n

It operates a global network of 10 plants across North America, Europe, South America and Asia. For the fiscal year ended 2018, this business generated sales of approximately $383 million. <\/p>\n

The proposed acquisition is expected to close in the first half of 2020 and is subject to the receipt of applicable regulatory approvals and the satisfaction of certain customary conditions. Upon completion of the required works councils consultations, Silgan expects that Albea and certain of its subsidiaries will enter into a definitive purchase agreement with Silgan and certain of its subsidiaries for the purchase and sale of the business.<\/p>\n

\u201cThis proposed acquisition would significantly enhance the scope and breadth of our market leading closures franchise by bringing new products and capabilities in the highly engineered dispensing category, such as fine lotion dispensing solutions for skin care,\u201d said Tony Allott, Chairman and CEO. \u201cThis proposed acquisition would allow us to expand relationships and product offerings with global customers, bring new customer relationships and provide cost synergy opportunities of $20 million. It would also create an incremental platform for growth and strongly enhance our free cash flow,\u201d continued Mr. Allott. <\/p>\n

All rights reserved except agreement written by Emballage Digest or mention of the magazine<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Silgan Holdings Inc., a leading supplier of rigid packaging for consumer goods products, announced today that it has signed a binding offer to acquire Albea\u2019s dispensing business for $900 million. This business is a leading global supplier of highly engineered pumps, sprayers and foam dispensing solutions to major branded consumer goods product companies in the Beauty and Personal Care markets.<\/p>","protected":false},"author":1,"featured_media":31870,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"iawp_total_views":0,"footnotes":""},"categories":[28,12],"tags":[],"class_list":["post-21870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article-entier","category-news"],"acf":[],"yoast_head":"\nSilgan unveils binding offer to acquire Albea\u2019s dispensing business - Emballage Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.emballagedigest.fr\/en\/silgan-unveils-binding-offer-to-acquire-albea-s-dispensing-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silgan unveils binding offer to acquire Albea\u2019s dispensing business - Emballage Digest\" \/>\n<meta property=\"og:description\" content=\"Silgan Holdings Inc., a leading supplier of rigid packaging for consumer goods products, announced today that it has signed a binding offer to acquire Albea\u2019s dispensing business for $900 million. 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