Silgan completes acquisition of Weener Plastics for €700M

SILGAN HOLDINGS INC

Acquisition of Weener Plastics, a dispensing solutions maker with 19 facilities and ~4,000 employees.
Purchase funded via €700 million incremental term loan under Silgan's senior secured credit facility.
Expects €20 million in operational cost synergies within 18 months of closing.
Deal slightly accretive to adjusted EPS in 2024; ~10% accretion once fully integrated and synergies realized.
Weener adds clean room manufacturing capabilities and strengthens personal care/food dispensing portfolio.

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