AboutSILGAN HOLDINGS INC.
Founded in 1987 by Phil Silver and Greg Horrigan, Silgan has grown to be a leading supplier of sustainable rigid packaging solutions for consumer goods products. Our primary lines of business are dispensing and specialty closures, metal containers and custom containers. The Company takes great pride in the fact that its products contain some of the world's best known branded consumer products, including Campbell's Soup, Del Monte Fruits and Vegetables, Listerine and Friskies Pet Food.
Our objective is to increase shareholder value by efficiently deploying capital and management resources to grow our business, reduce operating costs and build sustainable competitive positions, or franchises, and to complete acquisitions that generate attractive cash returns. We believe we will accomplish this goal because of our leading market positions and management expertise in acquiring, financing, integrating and efficiently operating consumer goods packaging businesses.
Since our inception in 1987, we have acquired thirty-seven businesses. As a result of the benefits of acquisitions and organic growth, we are a leading worldwide manufacturer of dispensing and specialty closures for food, beverage, health care, garden, home, personal care and beauty products, with net sales of $1.71 billion in 2020, representing a compound annual growth rate of 13.2 percent since our acquisition of the White Cap closures operations in the United States in 2003. Through acquisitions and organic growth, we have become a leading manufacturer of metal containers in North America and Europe, with net sales of $2.56 billion in 2020, and have increased our overall share of the metal food container market in the United States from approximately 10 percent in 1987 to slightly more than half of the market in 2020. We have also grown our market position in the custom container business since 1987, with net sales increasing to $651.5 million in 2020, representing a compounded annual growth rate of approximately 6.2 percent over that period.