| Positive Merger of AMCOR WHITE CAP and SILGAN HOLDINGS INC. |
| The merger of Amcor White Cap, producers of closures throughout Europe, Asia and South America and the North American packaging company Silgan Holdings Inc. has been concluded. The Amcor White Cap product group will now be known as Silgan White Cap Europe/Asia. The merger in Europe became effective from 1st June 2006. In Asia and South America it will be effective at a later date due to local legal requirements. Silgan White Cap Activities. As a result of the merger the activities of the company will remain unchanged. Silgan White Cap will continue to concentrate on providing its customers with quality closures and ensure the continuing supply of closures and service as its main business activity. With the merger White Cap Inc., USA, already purchased by Silgan from Amcor in 2003 and Amcor White Cap will be unified. Silgan White Cap Management The Silgan White Cap Europe/Asia business will continue to be headquartered in Hannover, Germany and be led by Peter Konieczny, President, and his current management team. Peter will report directly to Silgan Holdings Inc., with responsibility for continuing to develop the closure business in all markets. Closure Production – Combined Merged Company The merger will create one of the largest producers of vacuum closures in the world. Two divisions have been created covering the activities in Europe/Asia and the Americas respectively. With 2,500 employees in 15 production locations, 20 billion metal, plastic and composite closures will be produced every year. 12 plants will specialise in the manufacture of Twist-Off® and Press-On Twist-Off® (PT) metal vacuum closures for the sealing of glass-packaged foodstuffs and non-carbonatedbeverages. 3 plants will produce the Plasti-Twist® closure for non-carbonated beverages and liquid foods. Joint Developments New product ideas will now be available for Europe/Asia from the American market and viceversa. These will include cap design, container shapes, pack appearance and packaging trends. Joint developments such as Plasti-Twist® will be progressed. Customers will greatly benefit as a result. Total System Solution Silgan White Cap’s engineers, scientists and technicians will be totally focused on new product development. Total System Solution will be the key message; whatever the container, the company has the right closure. Advantages of the Merger “We greet the merger and are convinced it will be a great success”, said Peter Konieczny, President Silgan White Cap Europe/Asia. He added: “It offers excellent strategic advantages and opportunities, such as the combined development of metal, plastic and composite closures as well as the exchange of know-how. We are now in a position to even better provide our customers worldwide with first-class products and services”. Silgan White Cap Europe/Asia Silgan White Cap Europe/Asia is an international producer of metal, plastic and composite closures for oxygen sensitive, vacuum packaged and aseptically packaged food products and still beverages. Its closures are used exclusively in glass or plastic container applications. Silgan Holdings Inc Silgan Holdings Inc is listed on the North American stock market and headquartered in Stamford, Connecticut, USA. It has a turnover of $2.5 billion (US) and ranks among the top packaging concerns in North America. The company is market leader in its core business metal packaging, including cans for foods and closures for foods and beverages. It is also a leading supplier of plastic containers for personal care products. The company employs 9,200 people and operates 70 production plants worldwide. |
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