M&A
confidence high
sentiment positive
materiality 0.75
Silgan acquires Weener Plastics for €838M EV; €20M synergies expected, accretive in 2025
SILGAN HOLDINGS INC
- Enterprise value €838M; Weener generated ~€450M sales, €96M adj. EBITDA for 12 months ended May 31, 2024.
- Acquisition to expand dispensing and specialty closures franchise; Weener has 19 facilities, ~4,000 employees.
- Silgan expects operational cost synergies of ~€20M within 18 months post-close; accretive to adj. EPS in 2025.
- Closing expected in Q4 2024, subject to regulatory approvals; funded via cash on hand and credit facility.