Silgan Announces Acquisition Of Leading Plastic Closure Manufacturer, IPEC

Silgan Holdings Inc., a leading supplier of consumer goods packaging products, announced that it has acquired IPEC Global, Inc., a leading plastic closure manufacturer serving primarily the North American dairy and juice markets. The business, which had sales of approximately $35 million for the last twelve months, is headquartered in New Castle, Pennsylvania. The purchase price was funded through available cash on hand. The transaction is expected to be slightly accretive to earnings in 2011.

SOURCE: Silgan Holdings Inc.