Silgan Holdings Inc.., a leading provider of rigid packaging for consumer products, announced yesterday that it has signed a binding offer to acquire the dispensing business of Albéa for $ 900 million.
Albéa is a leading global provider of highly engineered pumps, sprayers and foam dispensing solutions to leading consumer products companies in the beauty and personal care markets. It operates a global network of 10 plants in North America, Europe, South America and Asia. For the fiscal year ending 2018, this business generated sales of approximately $ 383 million.
The acquisition is expected to close in the first half of 2020 and is subject to receipt of applicable regulatory approvals and compliance with certain customary conditions.
