Silgan Holdings acquires RXI Holdings

Silgan Holdings Inc. (Stamford, CT) Thursday announced that it has acquired all of the outstanding stock of RXI Holdings Inc. effective October 1, 2000. Terms of the transaction were not disclosed.

RXI Holdings through its subsidiary, RXI Plastics Inc., manufactures and sells rigid plastic packaging, including plastic bottles and closures for the pet care, food, personal care, household and industrial chemical, agricultural chemical and automotive industries, as well as thermoformed plastic containers.

RXI Holdings had net sales of $102.4 million for its fiscal year ended June 30, 2000. The operations of RXI Holdings are conducted at seven manufacturing facilities in the United States located in Richmond, VA; Triadelphia, WV; Plainfield, IN; Ottawa, Ohio; Cape Girardeau, MO; Houston, Texas; and Valencia, CA.

The acquisition will allow Silgan's plastic container business to expand into markets where it has had limited presence, particularly pet care, thermoformed products and closures for food and personal care containers.

Silgan Holdings is a leading North American manufacturer of consumer goods packaging products with sales in excess of $1.8 billion in 1999. Silgan operates 62 manufacturing facilities in the United States and Canada.

Edited by Bill Noone
Managing Editor, PackagingNetwork.com
bnoone@packagingnetwork.com