Announced · Netherlands · Packaging
Silgan to acquire Trivium.
Silgan Holdings, a packaging maker based in Norwalk, Connecticut, announced on 19 October 2026 that a new company holding its metal containers and closures businesses, owned 60% by Silgan and 40% by funds affiliated with American Industrial Partners, is to acquire Trivium Packaging, a metal packaging supplier based in Amsterdam with 57 locations and 7,200 employees. The sellers hold a put option that can be exercised once works council consultations in France and the Netherlands are complete. It was announced on 19 October 2026 and had not been signed by 28 October 2026.
SigningDay 100
Announced 19 October 2026
- Buyer
- Silgan Holdings Inc. ·Norwalk, United States
- Target
- Trivium Packaging B.V. ·Amsterdam, Netherlands
- Type
- Acquisition
- Announced
- 19 October 2026
- Value
- about USD 3.4 billion (enterprise value)
- People
- 7,200
- Last checked
- 28 October 2026
The people side in the Netherlands
- A Dutch company with 50 or more employees has a works council with a formal advice right on a transfer of control. Works Councils Act (Wet op de ondernemingsraden), articles 2 and 25
- Where 50 or more people work in the Netherlands, the SER Merger Code has unions informed before announcement and agreement. SER Merger Code 2015 (SER-Fusiegedragsregels 2015), articles 2, 3 and 4
- Vital providers and sensitive technologies add a Vifo Act review of eight weeks, which can be extended by up to six months. Investment, Mergers and Acquisitions Security Screening Act (Wet veiligheidstoets investeringen, fusies en overnames), article 12
- A foreign employer without a Dutch entity must normally still register to pay Dutch social insurance premiums. Business.gov.nl: National and employee insurance schemes (Dutch social security)
- In an asset or business transfer, staff move to the buyer on their existing terms and collective agreement; the seller stays jointly liable for one year. Business.gov.nl (Ministry of Social Affairs and Employment): Company takeover and employee rights
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
Sources
More deals into the NetherlandsMore deals by buyers from the United StatesPackaging dealsOctober 2026
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