Silgan Holdings Inc. acquires Gateway
In September of 2021 Silgan acquired Gateway for $485.0 million subject to adjustments for net debt and working capital. Silgan expects to realize synergies of $2.0 million in the first 12 months following the acquisition. Gateway provides packaging products for the food and beverage markets. The company sells combined container and closure or 100% recyclable dispensing beverage pods to consumer good products companies. This acquisition expands upon Silgan’s already comprehensive product offering in Dispensing and Specialty Closures which will accelerate the growth of Silgan Holdings.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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