Silgan Unit Acquires Clearplass Containers, Inc.STAMFORD, Conn.--(BUSINESS WIRE)--August 12, 1998--Silgan Holdings Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SLGN SLGN State and Local Government on the Net SLGN Student Loan Marketing Association Global Notes ) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Silgan Plastics Corporation, has acquired all of the outstanding capital stock of Clearplass Containers, Inc. Clearplass is a privately held manufacturer and marketer of rigid plastic containers serving the personal care and pharmaceutical industries with sales of $23.4 million in its 1998 fiscal year. Silgan stated that Clearplass has the industry's most extensive line of stock PET containers for the personal care market and represents an important strategic complement to its personal care plastic bottle business. Clearplass operates three blow molding plants located in Penn Yan, NY; Albia, IA; and Sheffield, AL. Terms of the transaction were not disclosed. Silgan Holdings is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer of consumer goods packaging products with sales in excess of $1.5 billion in 1997. Silgan operates 60 manufacturing facilities in the U.S. and Canada where it is the largest supplier of metal containers for food products, a leading supplier of plastic containers for personal care products, and a major supplier of metal closures for the food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. markets. CONTACT: Silgan Holdings Inc., Stamford H. Rankin, Jr. 203/975-7110 |
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