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Sidley says it is advising the Silgan-AIP partnership on its Trivium acquisition
Sidley said it was advising a partnership between Silgan Holdings and American Industrial Partners on acquiring Trivium Packaging and combining it with Silgan’s metal operations. The firm said the resulting business would be called Silgan Metal Containers and Closures and supply metal packaging for consumer products.
Key points
- Sidley said the all-cash acquisition values Trivium at approximately $3.4 billion.Sidley
- The firm said Silgan would receive approximately $2.3 billion in cash and retain a 60% controlling interest.Sidley
- Sidley said AIP would own 40% and invest approximately $1 billion of equity.Sidley
- The firm said closing was expected in mid-2027, subject to regulatory approvals, works council consultations and other customary conditions.Sidley