Ardagh Group Announces Sale of Trivium Packaging
Key Highlights
- ➤Trivium sale values the packaging company at approximately $3.4 billion
- ➤Ardagh Group sells its entire approximately 42% Trivium stake
- ➤Ardagh expects approximately $90 million in net cash proceeds
- ➤Silgan Holdings and AIP will acquire Ontario Teachers’ majority stake
- ➤Closing expected mid-2027, pending regulatory and other customary approvals
Expert Statements
Mark Porto, Executive Chairman of Ardagh Group
“The sale agreement of Ardagh Group's minority investment stake in Trivium represents a favourable outcome for all stakeholders.”
Mark Porto, Executive Chairman of Ardagh Group
“Trivium's combination with Silgan creates a highly complementary business.”
Mark Porto, Executive Chairman of Ardagh Group
“For Ardagh Group, the disposal of a non-core investment helps to simplify our overall business and organisational structure, with the net cash proceeds expected to be used towards reinvestment in the business or towards debt reduction.”
LUXEMBOURG, Oct. 19, 2026 /PRNewswire/ -- Following the decision of Ontario Teachers' Pension Plan to sell its majority stake in Trivium Packaging B.V. ("Trivium") to Silgan Holdings Inc. (NYSE: SLGN) ("Silgan") and funds affiliated with American Industrial Partners ("AIP"), Ardagh Group, as minority joint venture partner, has entered into the agreement to sell its entire ~42% stake in Trivium. The transaction values Trivium at approximately $3.4 billion.
Trivium is a supplier of metal packaging in the form of cans and aerosol containers, serving a broad range of end-use categories, including food, seafood, pet food and nutrition, as well as beauty and personal care. Trivium recorded revenues of $3 billion in 2025. For more information, visit www.TriviumPackaging.com .
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