Winston & Strawn LLP represented Silgan Holdings Inc. (Nasdaq: SLGN) in connection with its announced definitive purchase agreement to acquire Rexam PLC's plastic thermoformed food business for $250 million in cash. This business provides thermoformed packaging solutions such as retortable bowls and barrier trays to many of the world's leading packaged food and ready-meal companies. The transaction is expected to close in the third quarter of 2012, subject to certain specified closing conditions, including antitrust clearance.
Silgan Holdings is a leading supplier of rigid packaging for consumer goods products with annual net sales of approximately $3.5 billion in 2011. Silgan operates 80 manufacturing facilities in North and South America, Europe and Asia.
Winston & Strawn's transaction team was led by partner Rob Rawn and associates Maureen Lane and John Corrigan.