Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 74

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 74
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 Greg Horrigan. Since our inception, we have acquired forty-one businesses. Through acquisitions and organic growth, we have become 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, with net sales for the dispensing and specialty closures business of $2.3 billion in 2024, representing a compound annual growth rate of approximately 12.1 percent since our acquisition of the White Cap closures operations in the United States in 2003.   As a result of the benefits of acquisitions and organic growth, we have become a leading manufacturer and supplier of metal containers in North America and Europe, with net sales for the metal containers business of $2.9 billion in 2024, representing a compound annual growth rate of approximately 6.7 percent since 1987, and have increased our overall share of the metal food container market in the United States from approximately ten percent in 1987 to more than half of the market in 2024. We have also grown our market position in the custom container business since 1987, with net sales for the custom container business increasing to $649.6 million in 2024, representing a compound annual growth rate of approximately 5.5 percent over that period. The following chart shows our acquisitions since our inception:

 Acquired BusinessYearProductsNestlé Food Company’s metal container manufacturing division1987Metal food containersMonsanto Company’s custom container business1987Custom containersFort Madison Can Company of The Dial Corporation1988Metal food containersSeaboard Carton Division of Nestlé Food Company1988Paperboard containersAim Packaging, Inc.1989Custom containersFortune Plastics Inc.1989Custom containersExpress Plastic Containers Limited1989Custom containersAmoco Container Company1989Custom containersDel Monte Corporation’s U.S. can manufacturing operations1993Metal food containersFood Metal and Specialty business of American National Can Company1995Metal food containers andmetal closuresFinger Lakes Packaging Company, Inc., a subsidiary of Birds Eye Foods, Inc.1996Metal food containersAlcoa Inc.’s North American aluminum roll-on closures business1997Aluminum roll-on closuresRexam PLC’s North American custom container business1997Custom containers and plastic closuresWinn Packaging Co.1998Custom containersCampbell Soup Company’s steel container manufacturing business1998Metal food containersClearplass Containers, Inc.1998Custom containersRXI Holdings, Inc.2000Custom