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Summary: Silgan Holdings Inc. Nov 09
Standard & Poors, November 2009
The ratings on Silgan Holdings Inc. reflect its satisfactory business position as a major North American producer of rigid consumer goods packaging, its fairly steady earnings and free cash-flow generation, and its demonstrated ability to maintain (or quickly return to) a capital structure consistent with the rating despite periodic acquisitions. Somewhat aggressive financial policies and other risks associated with the company's strategy of growth via acquisitions offset these strengths. Silgan has annual revenues of $3.1 billion. Its business mix is about 63% metal food cans, 20% metal and plastic closures, and 17% from plastic containers. Silgan is the largest producer of metal food cans in North America, enjoying an estimated 50% share of market volume, and its end markets are...
Companies mentioned in this report are: Silgan Holdings Inc.
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Silgan Holdings Inc.