Silgan Holdings Inc 8-K, filed Oct 18, 2024
Silgan Holdings Inc (SLGN)
8-K
2024-10-18
For: 2024-10-15
View Original
Added on
April 06, 2026
About this 8-K
Silgan Holdings Inc filed this 8-K on October 18, 2024, reporting on events of October 15, 2024.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 15, 2024
(Exact name of Registrant as specified in its charter)
| (State or other jurisdiction | (Commission | (I.R.S. Employer | |||||||||
| of incorporation) | file number) | Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
(203 ) 975-7110
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 8—Other Events
Item 8.01 Other Events.
On October 15, 2024, Silgan Holdings Inc., or the Company, issued a press release announcing the completion of its acquisition of Weener Plastics Holding B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products, the purchase price for which was funded through term and revolving loan borrowings under the Company's senior secured credit facility, including a €700 million incremental term loan. A copy of this press release is filed herewith and attached hereto as Exhibit 99.1.
Section 9—Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||||||||||
| 99.1 | |||||||||||
| 104 | Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document). | ||||||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SILGAN HOLDINGS INC. | ||||||||
| By: | /s/ Frank W. Hogan, III | |||||||
| Frank W. Hogan, III | ||||||||
| Executive Vice President, General | ||||||||
| Counsel and Secretary | ||||||||
Date: October 18, 2024
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| Silgan | |||||||||||
| Holdings Inc. | |||||||||||
Exhibit 99.1
SILGAN COMPLETES ACQUISITION OF WEENER PACKAGING
STAMFORD, CT, October 15, 2024 -- Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has completed its acquisition of Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products. Weener operates a global network of 19 facilities predominantly in Europe and the Americas, with approximately 4,000 employees and proprietary manufacturing technologies including significant clean room capabilities.
The Company funded the purchase price for this acquisition and related costs and expenses through term and revolving loan borrowings under its senior secured credit facility, including a €700 million incremental term loan. Silgan expects to realize operational cost synergies related to the acquisition of approximately €20 million within 18 months. The transaction is expected to be slightly accretive to adjusted earnings per share in 2024, with approximately 10% accretion once fully integrated and with synergies achieved.
* * *
Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $6.0 billion in 2023. Silgan operates 124 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden products. The Company is also a leading supplier of metal containers in North America and Europe for pet and human food and general line products. In addition, the Company is a leading supplier of custom containers for shelf-stable food and personal care products in North America.
Contact:
Alexander Hutter
Vice President, Investor Relations
AHutter@silgan.com
203-406-3187