Ardagh Group to Sell 42% Stake in Trivium Packaging in $3.4 Billion Transaction
Ardagh Group has agreed to sell its entire 42% minority stake in metal container maker Trivium Packaging B.V., joining majority owner Ontario Teachers' Pension Plan in a deal that values Trivium at approximately $3.4 billion. Buyer Silgan Holdings Inc. (NYSE:SLGN) and private equity firm American Industrial Partners are acquiring the packaging business. Trivium, which supplies metal cans and aerosol containers for personal care, food, and pet products, recorded $3 billion in revenue in 2025.
The sale allows Ardagh Group to shed a non-core asset and simplify its organizational structure. Ardagh expects to receive about $90 million in net cash proceeds from the deal, which management plans to use to reduce debt or reinvest in its primary packaging operations. For Silgan Holdings Inc. (NYSE:SLGN), acquiring Trivium expands its footprint in the global metal packaging market.
The transaction is expected to close in mid-2027, pending required regulatory approvals, works council consultations, and standard closing conditions. Investors will monitor how Ardagh allocates its net proceeds between business reinvestment and debt reduction over the coming months.
Key points
- Ardagh Group agreed to sell its entire 42% minority stake in Trivium Packaging B.V. in a deal valuing Trivium at approximately $3.4 billion.
- Silgan Holdings Inc. (NYSE:SLGN) and American Industrial Partners are acquiring Trivium from Ardagh Group and majority owner Ontario Teachers' Pension Plan.
- Ardagh Group expects to receive approximately $90 million in net cash proceeds to reduce debt or reinvest in its main business.
- The transaction is expected to close in mid-2027, subject to regulatory approvals and works council consultations.
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Who is buying Trivium Packaging B.V.?
Silgan Holdings Inc. (NYSE:SLGN) and funds affiliated with American Industrial Partners are acquiring Trivium Packaging B.V. from Ontario Teachers' Pension Plan and Ardagh Group in a transaction that values Trivium at approximately $3.4 billion.
How much money will Ardagh Group receive from the Trivium sale?
Ardagh Group expects estimated net cash proceeds of approximately $90 million from selling its 42% minority stake, which it plans to use for debt reduction or business reinvestment.
When is the sale of Trivium Packaging expected to close?
The sale is expected to close in mid-2027, pending regulatory approvals, works council consultations, and other customary closing conditions.