News
Silgan acquires Nestlé Purina’s steel can-making assets
Silgan Holdings has completed the acquisition of Nestlé Purina PetCare Company’s steel can-making assets and has entered into a long-term supply agreement with Nestlé Purina PetCare Company.
Tony Allott, president and CEO of Silgan, said: “This transaction enhances our market-leading position in food cans, allowing us to further leverage our broad manufacturing platform to continue to provide competitive advantage to customers such as Nestlé.”
The purchase price for the acquired assets was $25m.
Silgan had already begun to supply Nestlé Purina with cans for qualification purposes earlier this year and, as such, the impact of this transaction has already been included in the company’s earnings guidance.
Silgan Holdings is a supplier of rigid packaging for consumer goods products with annual net sales of approximately $3.1bn in 2010. Silgan operates 83 manufacturing facilities in North and South America, Europe and Asia.
Source: Silgan Holdings
- If you enjoyed this article, you may also like this: Nestlé invests in Russian pet food factory
See also
Latest news
| |
Your comments (0)
Add your comment
Please login or register to post comments.