Silgan Holdings Acquires Easytech Closures S.p.A.
October 4, 2021
Silgan Holdings Inc. acquired Easytech Closures S.p.A., a Europe-based manufacturer of easy-open and sanitary metal ends, for a purchase price of €31.5 million. Easytech was projected to generate approximately €38 million in sales and €6.6 million in adjusted EBITDA in 2021; Silgan expects roughly €4.1 million of annual synergies and funded the acquisition with revolving loan borrowings under its senior secured credit facility.
- Buyers
- Silgan Holdings Inc.
- Targets
- Easytech Closures S.p.A.
- Industry
- Packaging
- Location
- Campania, Italy
- Transaction Type
- Buyout
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