Silgan's increased focus on plastic packaging is a long-term negative trend.
We believe Silgan’s announced purchase of WestRock’s Home, Health, and Beauty segment makes sense for both companies. The business generated roughly $570 million in sales and $108 million in adjusted EBITDA during calendar year 2016. The purchase price of $1.025 billion, or roughly 9.5 EV/EBITDA, was a fair price for WestRock and was a favorable price for Silgan under our assumption that it can achieve close to its targeted $15 million in synergies by 2018. We've maintained our $41 fair value es...Silgan Holdings is a holding company. Through its subsidiaries, the company manufactures rigid packaging for consumer goods products. The company operates three businesses; its metal container business, which used primarily by processors and packagers for food products, such as vegetables, soup, proteins, tomato based products, adult nutritional drinks and fruit ; its closures business, which manufactures metal and plastic closures and dispensing systems for food and beverage and health care products; and its plastic container business, which manufactures custom designed and stock plastic containers for personal care and health care products, including containers for mouthwash, shampoos, and conditioners.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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