Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
AL CIRCLE

Platinum Equity eyes Trivium Packaging acquisition for a sum exceeding $3.5 billion

EDITED BY : 2MINS READ

Platinum Equity, a Los Angeles-based private equity firm, is reportedly in negotiations to acquire Trivium Packaging for over $3.5 billion, according to Bloomberg sources familiar with the matter. The firm is working to finalise an agreement with Trivium's current owners, the Ontario Teachers' Pension Plan (OTPP) Board and Ardagh Group, within the coming weeks, the sources, who requested anonymity, revealed.

Platinum Equity eyes Trivium Packaging acquisition for a sum exceeding $3.5 billion

{alcircleadd}

While talks are ongoing, the deal is not yet guaranteed. Ardagh and OTPP had previously explored selling Trivium in 2021 but decided against it. In June, packaging company Sonoco withdrew from the bidding to acquire Trivium Packaging after signing a deal to purchase European food can manufacturer Eviosys for around $3.9 billion. According to media reports, representatives from Ardagh, OTPP, Platinum Equity, and Sonoco have declined to comment on the ongoing discussions.

Headquartered in the Netherlands, Trivium Packaging is a global leader in producing aluminium and other metal packaging solutions, serving a variety of sectors, including beauty and personal care, pharmaceuticals, food and beverages, home care, industrial, and nutrition. The company was formed in 2019 through the merger of Exal, backed by OTPP, and Ardagh's food and speciality packaging division. Trivium employs approximately 7,500 people across 60 locations worldwide.

For the first six months ending June 30, 2024, Trivium reported revenue of $1.39 billion, down from $1.52 billion during the same period the previous year. In June, the company published its 2023 Sustainability Report, highlighting its efforts to reduce environmental impact and advance eco-friendly practices across its operations.

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : 2MINS READ
Adv
Adv
Adv

Responses

Adv
Adv
Adv
Want to get your company featured by us?
Adv
Adv
Business Leads VIEW ON AL BIZ

AL Circle News App
AL Biz App

A proud
ASI member
© 2025 AL Circle. All rights reserved.
AL Circle is not responsible for content from external sources.