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SLGN > SEC Filings for SLGN > Form 8-K on 25-Oct-2013All Recent SEC Filings

Show all filings for SILGAN HOLDINGS INC



Other Events, Financial Statements and Exhibits

Item 8.01. Other Events.

On October 22, 2013, Silgan Holdings Inc., or Silgan, issued a press release announcing that it had completed its previously announced acquisition of Portola Packaging, Inc., or Portola, a leading manufacturer of plastic closures. Portola operates eight manufacturing facilities in North America and Europe and had sales of approximately $200 million in 2012.

The transaction was structured as a merger of a newly formed subsidiary of Silgan with and into Portola, with the surviving entity becoming a wholly owned subsidiary of Silgan. Silgan acquired Portola for a cash purchase price of $266 million on a debt-free basis. The purchase price was funded through revolving loan borrowings under Silgan's senior secured credit facility.

A copy of the press release is furnished herewith and attached hereto as Exhibit 99.1

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release dated October 22, 2013 announcing that Silgan completed its acquisition of Portola Packaging, Inc.

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