The American investment company Platinum Equity LLC is in talks to acquire the Dutch manufacturer of metal packaging Trivium Packaging NV for $3.5 billion. This is reported in a Platinum press release.
Platinum Equity, which was ahead of other bidders in the tender, intends to complete the deal with Ontario Teachers’ Pension Plan Board (OTP) and Ardagh Group SA as owners of Trivium in the coming weeks.
A competitor of Sonoco Products Co. She abandoned the deal after acquiring the European manufacturer of food cans Eviosys in June 2024 for $3.9 billion.
Negotiations are ongoing and do not guarantee a final agreement. In 2021, Ardagh and OTP had already considered selling Trivium, but then abandoned the deal.
Trivium is a Dutch manufacturer of metal packaging for food, cosmetics and home care products. The headquarters is located in Amsterdam (Netherlands). The company's annual revenue is $3.1 billion. The company has 7,500 employees in 60 branches. Trivium was formed in 2019 as part of the merger of Exal Corp. and Ardagh, a manufacturer of food and special packaging.
Platinum Equity is a global investment company specializing in mergers, acquisitions, operations, as well as the acquisition and management of companies in a wide range of business markets, including manufacturing, distribution, transportation and logistics. The headquarters is located in Los Angeles (California).
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