2013-2014 Exhibitions
Silgan completes acquisition of Portola
Silgan Holdings, a supplier of rigid packaging for shelf-stable food and other consumer goods products, which operates 89 manufacturing facilities in the US, Europe and Asia, has completed its acquisition of closure maker Portola Packaging for US$266 million. Silgan funded the acquisition through revolving loan borrowings under its senior secured credit facility.
Portola posted sales of approximately US$200 million in 2012, and operates eight facilities in the US and Europe.
(PRA)
