Silgan Holdings: Purchase of Thatcher Tubes LLC

Silgan Holdings Inc., USA, has acquired the assets of Thatcher Tubes LLC, a privately held manufacturer and marketer of decorated plastic tubes serving primarily the personal-care industry. Thatcher Tubes operates manufacturing facilities in Woodstock and Culiacan, Mexico, and had sales in 2002 of approximately US$29 million. While a relatively small tube manufacturer, Thatcher has built a reputation as a quality supplier of differentiated plastic tubes, particularly for the personal-care market. This acquisition expands Silgan Plastics’ leadership position in plastic containers for the personal-care market. Purchase price for the assets, including additional production capacity recently installed and currently being installed, was US$32 million.

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