US-based rigid packaging company Silgan Holdings is set to close its metal container manufacturing facilities in Mt Vernon, Missouri and Waupun, Wisconsin.
Silgan Holding’s latest move comes as part of its footprint optimisation plans. The closure of these two facilities is expected to take place during the fourth quarter of this year.
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The closures, along with the ratification of a new labour agreement at its Menomonee Falls, Wisconsin, metal container manufacturing facility last month, mark its complete withdrawal from the Central States Pension Fund.
It will absorb the volumes from the closed facilities at existing sites, as well as in a new plant to be leased in the Midwest US.
Silgan president Adam Greenlee said: “Decisions regarding footprint optimisation plans are always difficult, and we want to thank our dedicated employees at both facilities for their long service and their anticipated efforts during this transition.
“At Silgan, these decisions are driven by a relentless pursuit to lower our overall cost structure, improve operating efficiencies and enhance our leading competitive position in our metal container business.
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By GlobalData“Separately, we believe that withdrawing from the Central States Pension Fund and providing our Menomonee Falls employees with a company-sponsored benefit plan is a better long-term solution.”
Silgan offers rigid packaging solutions through its 100 manufacturing facilities in North and South America, Europe and Asia.
The company supplies metal and plastic closures, as well as dispensing systems for food, beverage, health care, garden, personal care, home and beauty products, and plastic containers for shelf-stable food and personal care products in North America.
In 2017, it acquired WestRock’s dispensing systems business for $1.025bn.
