Silgan acquires Weener Plastics
Weener Plastics (WP) has announced that sustainable packaging supplier Silgan Holdings Inc, headquartered in Stamford, Connecticut, US, has signed an agreement to acquire all shares of the company.
This strategic acquisition is aimed at enhancing the market positions of both parties, and providing new opportunities for innovation and growth.
The complementary Silgan and WP product portfolios offer a robust combination, and are expected to deliver new product development possibilities, according to the organisations.
The acquisition is anticipated to create a stronger entity, well-positioned to meet evolving market needs and expectations, they added.
Completion of the acquisition is subject to regulatory approvals and other customary conditions, with finalisation expected in the fourth quarter of this year.
WP’s management team is optimistic about the potential synergies and enhanced capabilities this union will bring.
"We are excited about the opportunities this acquisition will present," said Adrian Whitfield, CEO of Weener Plastics. "By joining forces, we are bringing a new dynamic to our customer offerings, and further leveraging our extensive innovation, operational and technical expertise.”
This strategic acquisition is aimed at enhancing the market positions of both parties, and providing new opportunities for innovation and growth.
The complementary Silgan and WP product portfolios offer a robust combination, and are expected to deliver new product development possibilities, according to the organisations.
The acquisition is anticipated to create a stronger entity, well-positioned to meet evolving market needs and expectations, they added.
Completion of the acquisition is subject to regulatory approvals and other customary conditions, with finalisation expected in the fourth quarter of this year.
WP’s management team is optimistic about the potential synergies and enhanced capabilities this union will bring.
"We are excited about the opportunities this acquisition will present," said Adrian Whitfield, CEO of Weener Plastics. "By joining forces, we are bringing a new dynamic to our customer offerings, and further leveraging our extensive innovation, operational and technical expertise.”
