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Silgan Holdings
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Updated Nov 6, 2026
Silgan carves metal packaging into JV structure; lenders consent to subsidiary designation.
Silgan Holdings entered into a consent agreement with lenders on November 6, 2026, designating a newly formed metal packaging subsidiary (MetalCo) as an Unrestricted Subsidiary, enabling the contribution of its metal food containers, vacuum closures, and aluminum roll-on closures businesses to A-VL Holdco in connection with a previously announced transaction agreement dated October 17, 2026. The consent permits MetalCo and its subsidiaries to be released as credit guarantors and allows Silgan to redeploy transaction proceeds to debt reduction rather than mandatory loan prepayment, reshaping the company's capital structure around retained plastic and dispensing divisions.
Tone: neutralRevenue
$6.5B
SLGN 10-K · FY 2025
Employees
17,200
Revenue FY2024
$5.9B
Founded
1987
Profile
SLGN 10-K Item 1 · Feb 26, 2026Silgan Holdings is a leading manufacturer of sustainable rigid packaging solutions for consumer goods, operating across three segments: dispensing and specialty closures, metal containers, and custom containers. The company operates 121 manufacturing facilities across 25 countries and serves over 100 countries worldwide. Founded in 1987, Silgan has grown primarily through acquisitions — 41 businesses in total — and maintains dominant market share in U.S. metal food containers.
Read filing description ↓ Collapse description ↑
We are a leading manufacturer of sustainable rigid packaging solutions for the world's essential consumer goods products. We had consolidated net sales of approximately $6.5 billion in 2025. Our products are used for a wide variety of end markets and we operate 121 manufacturing plants in North America, Europe, Asia and South America. Our products include dispensing and specialty closures for fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden products; steel and aluminum containers for pet and human food and general line products; and custom designed plastic containers for pet and human food, consumer health and pharmaceutical, personal care, home care, lawn and garden and automotive products. We are a leading worldwide manufacturer and supplier of dispensing and specialty closures for the fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden markets. We are also a leading manufacturer and supplier of metal containers in North America and Europe, and in North America we are the largest manufacturer of metal food containers with a unit volume market share in the United States in 2025 of more than half of the market. Additionally, we are a leading manufacturer and supplier of custom containers in North America for a variety of markets. Our objective is to increase shareholder value by efficiently deploying capital and management resources to grow our business through acquisitions and organically, reduce operating costs and build sustainable competitive positions, or franchises.
Primary products
- Dispensing systems
- Specialty closures
- Steel containers
- Aluminum containers
- Custom designed plastic containers
- Quick Top easy-open ends
Business segments
End markets
Geographies
Named customers
Approximately 14 percent, 13 percent and 13 percent of our consolidated net sales were to Nestlé S.A., or Nestlé, in 2025, 2024 and 2023, respectively. No other customer accounted for more than 10 percent of our total consolidated net sales during those years.
Named competitors
“With our ability to manufacture an extensive range of dispensing systems and specialty closures that ensure closure quality and safety, as well as state-of-the-art capping/sealing equipment and detection systems to complement our specialty closures product offering, and our global presence, we believe we are uniquely positioned to serve the fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden product companies for all of their dispensing and specialty closure needs.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales increased across all segments in 2025 versus 2024, led by dispensing and specialty closures growth of approximately 17.5 percent driven by inclusion of Weener Packaging and higher organic volumes in high-value dispensing products, and metal containers growth of approximately 8.2 percent from raw material cost pass-throughs and higher unit volumes, partially offset by a roughly 1.8 percent decline in custom containers due to the exit of lower-margin business.
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