Stamford’s Silgan Holdings Inc. is paying about $250 million for British consumer-packaging giant Rexam PLC’s plastic food-packaging business.
Silgan generates about $3.5 billion a year in sales of metal food cans and plastic containers for the health and beauty market.
Rexam does about $210 million a year selling plastic bowls and barrier trays to the packaged-food and ready-meal market.
The deal is due to close in the third quarter.
