Silgan Holdings Inc 8-K, filed Feb 4, 2020
Silgan Holdings Inc (SLGN)
8-K
2020-02-04
For: 2020-02-04
View Original
Added on
April 06, 2026
About this 8-K
Silgan Holdings Inc filed this 8-K on February 4, 2020.
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): February 4, 2020
(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 February 4, 2020, the Registrant announced that it acquired Cobra Plastics, Inc., a manufacturer of injection molded closures for a wide variety of consumer products, with a particular focus on the aerosol overcap market. For additional information regarding this announcement, refer to Exhibit 99.1 filed with this Current Report on Form 8-K.
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). | ||
2
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 | ||
Senior Vice President, General | ||
Counsel and Secretary | ||
Date: February 4, 2020
3
Exhibit 99.1 | ||
 | ||
News | ||
For Immediate Release | ||
4 Landmark Square | ||
Suite 400 | ||
Stamford, CT 06901 | ||
Telephone: 203-975-7110 | ||
Fax: 203-975-7902 | ||
Contact: | ||
Robert B. Lewis | ||
(203) 406-3160 | ||
SILGAN ANNOUNCES ACQUISITION OF COBRA PLASTICS
Acquisition Further Expands Closures Franchise Into New Markets
STAMFORD, Connecticut, February 4, 2020 -- Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of rigid packaging for consumer goods products, announced today that it has acquired Cobra Plastics, Inc. This business manufactures and sells injection molded plastic closures for a wide variety of consumer products, with a particular focus on the aerosol overcap market.
“The acquisition of Cobra Plastics expands the product offering of our global closures franchise into a variety of new markets and applications,” said Adam Greenlee, President of Silgan. “The combination of Cobra’s overcap product line with our aerosol actuators and dispensing systems will allow Silgan to offer a broader range of integrated solutions, including functional overcaps, to meet the unique needs of our customers,” concluded Mr. Greenlee.
The acquired business, with sales of approximately $30 million, currently operates from two manufacturing facilities located in close proximity to one another in Macedonia, Ohio.
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SILGAN HOLDINGS
February 4, 2020
Page 2
Silgan is a leading supplier of rigid packaging for consumer goods products with annual net sales of approximately $4.5 billion in 2019. Silgan operates 100 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading supplier of metal containers in North America and Europe for food and general line products. The Company is also a leading worldwide supplier of metal and plastic closures and dispensing systems for food, beverage, health care, garden, personal care, home and beauty products. In addition, the Company is a leading supplier of plastic containers for shelf-stable food and personal care products in North America.
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Statements included in this press release which are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934, as amended. Such forward looking statements are made based upon management’s expectations and beliefs concerning future events impacting the Company and therefore involve a number of uncertainties and risks, including, but not limited to, those described in the Company’s Annual Report on Form 10-K for 2018 and other filings with the Securities and Exchange Commission. Therefore, the actual results of operations or financial condition of the Company could differ materially from those expressed or implied in such forward looking statements.