Silgan Completes Pending European Acquisitions

Silgan Holdings Inc. SLGN today announced that it has completed its acquisition of Vogel & Noot Holding AG's metal can business. The Vogel & Noot business will operate under the name Silgan Metal Packaging and will continue to be headquartered in Vienna, Austria. Silgan Metal Packaging will operate 12 can manufacturing plants throughout Central and Eastern Europe, with three additional plants to become operational in the near term. The purchase price for the business was €260 million (or approximately $358.8 million), which includes assumed net indebtedness of approximately €31.7 million (or approximately $43.7 million). The Company also announced today that it completed its acquisition of the twist-off closure business of DGS S.A. in Poland. This business, which was acquired for €15.8 million (or approximately $21.7 million), will operate as part of the Silgan White Cap Europe business headquartered in Hannover, Germany and will be integrated into the Company's existing metal closure operations. After giving effect to the write-up of inventories, this business is expected to be neutral to earnings in 2011.