Plastics packaging: Silgan acquires plastic closure manufacturer IPEC Global

   
“We believe IPEC provides an excellent line extension to our closures business,” said Bob Lewis, Silgan’s executive VP and CFO. “With manufacturing facilities in New Castle, Pennsylvania and Brewton, Alabama, we believe IPEC has built a strong competitive position in plastic closures for the dairy and juice markets. The IPEC business has an excellent reputation for their quality and design capability and is well recognized by customers for their outstanding technical service capabilities. Combined with our existing closures business, this transaction provides new opportunities to broaden our existing franchise.”
   
Silgan is a global manufacturer of consumer goods packaging products with annual net sales of approximately $3.1 billion in 2009. Silgan operates 66 manufacturing facilities in North and South America, Europe and Asia. In North America, Silgan is the largest supplier of metal containers for food products and a leading supplier of plastic containers for personal care products, according to information released by Silgan. In addition, Silgan is a worldwide supplier of metal, composite, and plastic vacuum closures for food and beverage products, says the company. —PTStaff