M&A Deal Summary

Silgan Acquires WestRock - Specialty Closures and Dispensing Systems Business

On January 23, 2017, Silgan acquired manufacturer WestRock - Specialty Closures and Dispensing Systems Business from WestRock for 1.0B USD

Acquisition Highlights
  • This is Silgan’s 4th transaction in the Manufacturing sector.
  • This is Silgan’s largest (disclosed) transaction.
  • This is Silgan’s 6th transaction in the United States.
  • This is Silgan’s 1st transaction in Virginia.

M&A Deal Summary

Date 2017-01-23
Target WestRock - Specialty Closures and Dispensing Systems Business
Sector Manufacturing
Buyer(s) Silgan
Sellers(s) WestRock
Deal Type Divestiture
Deal Value 1.0B USD

Target

WestRock - Specialty Closures and Dispensing Systems Business

Richmond, Virginia, United States
WestRock Co. - Specialty Closures and Dispensing Systems Business is a provider of highly engineered triggers, pumps, sprayers and dispensing closure solutions to major branded consumer goods product companies in the Home, Health and Beauty markets.

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Buyer(S) 1

Buyer

Silgan

Stamford, Connecticut, United States

website


Category Company
Founded 1987
Sector Packaging
Employees15,610
Revenue 5.7B USD (2021)
DESCRIPTION

Silgan is a supplier of rigid packaging for shelf-stable food and other consumer goods products. Silgan was founded in 1987 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 9 of 14
Sector (Manufacturing) 4 of 5
Type (Divestiture) 4 of 5
State (Virginia) 1 of 1
Country (United States) 6 of 9
Year (2017) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Van Can

San Diego,, California, United States

Van Can Co. is a manufacturer of metal containers in the United States. Company manufactures steel cans for food, poultry, pet food, and chaffing dish heat markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Albéa - Dispensing Business

Gennevilliers, France

Albéa, Inc. - Dispensing Business is a 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. It operates a global network of 10 plants across North America, Europe, South America, and Asia.

Buy $900M

Seller(S) 1

SELLER

WestRock

Richmond, Virginia, United States

website


Category Company
Sector Packaging
Employees50,000
Revenue 21.3B USD (2022)
DESCRIPTION

WestRock is a packaging company provides paper and packaging solutions in consumer and corrugated markets. WestRock is based in Richmond, Virginia.


DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 3
State (Virginia) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-10 Cenveo Packaging

United States

Cenveo Packaging is a provider of value-add folded carton and litho-laminated display packaging solutions.

Buy $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Multi Packaging Solutions

New York, New York, United States

Multi Packaging Solutions, Inc. is a global provider of value-added packaging solutions to a diverse customer base across the healthcare, consumer and multi-media markets. MPS provides its customers with an extensive array of print-based specialty packaging solutions, including premium folding cartons, inserts, labels and rigid packaging across a variety of substrates and finishes. MPS has 59 manufacturing locations across North America, Europe and Asia and employs approximately 8,800 people.

Buy $2.3B