Silgan Holdings Inc., a Stamford supplier of sustainable rigid packaging solutions for consumer goods products, has acquired Unicep Packaging for $237 million.
Unicep is a provider of single-use packaging for consumer and professional products including diagnostic test components, oral care and skin care applications and animal health products. The company — which operates manufacturing facilities in Spokane, Washington and Sandpoint, Idaho — is projected to generate approximately $45 million in sales this year.
This is the second acquisition announcement for Silgan in a two-week period, following its purchase of Gateway Plastics for $485 million.
“This acquisition further expands and extends our precision dosing capabilities and comprehensive product offering into new and existing markets,” stated Adam Greenlee, Silgan’s”™s president and CEO, who said the transaction “represents another example of our disciplined capital allocation model that has allowed Silgan to consistently create long-term shareholder value.”
