secwatch.observer — SEC 8-K summary
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Issuer:     SILGAN HOLDINGS INC (SLGN)
CIK:        0000849869
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0000849869-24-000132
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silgan completes acquisition of Weener Plastics for €700M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849869/000084986924000132/0000849869-24-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849869/000084986924000132/slgn-20241015.htm
  HTML page:      https://secwatch.observer/filing/0000849869-24-000132

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer