secwatch.observer — SEC 8-K summary
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Issuer:     SILGAN HOLDINGS INC (SLGN)
CIK:        0000849869
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001193125-24-183326
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silgan acquires Weener Plastics for €838M EV; €20M synergies expected, accretive in 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849869/000119312524183326/0001193125-24-183326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849869/000119312524183326/d810710d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-183326

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