Silgan Holdings acquires Cousins-Currie for US$48.3 million

On December 21, 2006, Silgan Holdings Inc., a leading supplier of consumer goods packaging products, announced the acquisition of substantially all of the assets of Cousins-Currie Limited, a leading Canadian blow molder of custom designed large-ware plastic bottles. The business, which had sales of approximately $55 million for the latest twelve months, is headquartered in Woodbridge, Ontario. The purchase price of $48.3 million was financed primarily with Canadian dollar borrowings under the Company's bank credit facility. Silgan Holdings is a leading North American manufacturer of consumer goods packaging products with annual pro forma net sales of approximately $2.8 billion in 2005. Silgan operates 66 manufacturing facilities in the U.S., Canada and Europe. 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. In addition, Silgan is a leading supplier of metal, composite and plastic vacuum closures for food and beverage products in North America and Europe. Fasken Martineau advised Silgan Holdings in this transaction with a team comprised of Mark Stinson, Stephen Kerr and Dan Rankin (corporate); Andrew Laidlaw (financing); Rosalind Cooper (environmental); Dan Law (real estate); Patrick Gannon (labour); Huy Do (competition); Mitchell Thaw (tax); and student-at-law Charles Todd.