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Ardagh Group Sells 42% Stake in Trivium for $3.4B

Following the decision of Ontario Teachers' Pension Plan to sell its majority stake in Trivium Packaging B.V. to Silgan Holdings and funds affiliated with American Industrial Partners, Ardagh Group, as minority joint venture partner, has entered into the agreement to sell its entire 42% stake in Trivium. The transaction values Trivium at approximately $3.4B. Trivium is a supplier of metal packaging in the form of cans and aerosol containers, serving a broad range of end-use categories, including food, seafood, pet food and nutrition, as well as beauty and personal care. Trivium recorded revenues of $3B in 2025. The proposed sale is expected to close in mid-2027 and is subject to required regulatory approvals, completion of applicable works council consultation processes, and satisfaction of other customary closing conditions. The transaction is expected to result in estimated net cash proceeds to Ardagh Group of approximately $90M, which are expected to be used towards reinvestment in the business or deleveraging.

Silgan Proposes Acquisition of Trivium Valued at $3.4B

Silgan, Trivium Packaging, and funds affiliated with American Industrial Partners announced a proposed transaction that will combine Silgan's Metal Containers segment and Food and Beverage Flat Cap Closures businesses with Trivium to create Silgan Metal Containers and Closures. The combination is a transformational next step that accelerates Silgan's portfolio evolution and will create a best-in-class global supplier of metal packaging for essential consumer products, with complementary operations principally in North America and Europe. The all-cash acquisition values Trivium at an enterprise value of approximately $3.4B. The transaction also values Silgan's contributed Metal Containers segment and Food and Beverage Flat Cap Closures businesses at an enterprise value of $3.8B. In connection with the formation and capitalization of Silgan MCC, Silgan will receive approximately $2.3B of cash proceeds, which will be used to retire certain existing debt, and retain 60% controlling ownership interest in Silgan MCC. AIP will own the remaining 40% interest and contribute approximately $1B of cash equity to support the acquisition and future growth of the business. The proposed acquisition of Trivium, which has been unanimously approved by the Silgan Board of Directors, is expected to close mid-2027 and is subject to required regulatory approvals, completion of applicable works council consultation processes, and satisfaction of other customary closing conditions.

Silgan Holdings Plans to Acquire Trivium Packaging for $3.4B

Silgan Holdings is in advanced talks to acquire Europe's Trivium Packaging from Ontario Teachers' Pension Plan and Ardagh Group SA in a deal that would value Trivium at $3.4B, including debt, people familiar with the matter told Bloomberg's David Carnevali. The transaction, which would combine metal-packaging focused Trivium with Silgan's metal containers segment and food and beverage flat cap closures unit, could be announced as soon as Monday, said the sources.