name silgan holdings industry packaging manufacturing founded 1987 founder phil silver and greg horrigan headquarters stamford connecticut revenue 6.2 billion us dollars 1 number of employees 17 000 1 website silganholdings.com silgan holdings is a connecticut based american manufacturing company that produces consumer goods packaging . the company was founded in 1987 by two former executives of continental can phil silver and greg horrigan their names contributing to the company name . 2 through several acquisitions of rival companies and the pursuit of contracts with del monte foods and nestl silgan holdings share of the market rose from 10 % in 1987 to 36 % in 1995 . later acquisitions in the late 1990s and early 2000s left the company with debt problems noted by both forbes and the new york times 3 4 however by the early 2010s the company was consistently profitable . 5 silgan holdings employs around 17 000 staff within its own and its subsidiary companies . it is currently headquartered in stamford connecticut and possesses factories across north america and europe . 2 history edit after being founded in 1987 silver and horrigan proceeded to acquire several competitors and pursued contracts with del monte and nestle . their share of the market rose from 10 % in 1987 to 36 % in 1995 according to the new york times . 3 the company purchased a portion of a rival organisation the campbell soup company in 1998 for 150 million us dollars . 6 these acquisitions however did lumber the company with significant debt in the late 1990s it owed 700 million in long term debt in september 1997 . 3 in 2003 one hundred employees went on strike over wages and health benefits following a failure of negotiations . 7 by the late 2000s however silgan was consistently profitable . between 2004 and 2005 profits rose by 3.1 % as did its position on the fortune 500 . 8 in 2009 it registered 131.6 million in profits a 7.2 % increase over 2007 and was ranked at 671 an increase of fifteen levels . 9 in 2011 it purchased the entirety of graham packaging 1.3 billion us dollars . 1 in 2013 silgan s share holdings had risen by 15 % over the previous two years 10 though despite several successful acquisitions dropping demand in europe was still problematic . by july 2013 shares had fallen by 0.9 % . 4 upon completing the acquisition of portola packaging in october 2013 however share prices then stabilized and went on to increase by a further 5.1 % . 5 the company has not escaped controversy during the 2010s however . in 2009 a lawsuit was filed against the organization by the us equal employment opportunity commission after viewing that the company denied promotion to and refused reasonable accommodation for an employee who is missing three fingers on his left hand . 11 a 45 000 settlement was also paid out to an african american employee in 2010 who the equal employment opportunity commission ruled was terminated under racial grounds and also subjected to disparate and discriminatory treatment such as holding him to a higher standard on his work than non black employees . 12 this followed more strikes by staff over pay and working conditions in may 2010 . 13 silgan holdings acquired the food can business of vogel & noot holding ag headquartered in vienna about in not earlier than the first quartal of 2011 . vn operated in 2010 12 food can manufacturing facilities throughout central and eastern europe anticipating 250 million sales for 2010 . 14 references edit notes a b c nicholson chris 13 april 2011 . silgan to buy graham packaging in 4.1 billion deal . new york times . retrieved 23 october 2013 . a b company profile . silgan holdings . retrieved 23 october 2013 . a b c abelson reed january 12 1997 . despite a lack of bells or whistles a can maker may be a good buy . new york times . retrieved 23 october 2013 . a b silgan holdings breaks below 200 day moving average notable for slgn . forbes . 10 july 2013 . retrieved 23 october 2013 . a b silgan holdings inc. silgan announces third quarter earnings . 4 traders . 23 october 2013 . retrieved 23 october 2013 . company news ; campell to sell some can making operations to silgan . new york times . february 19 1998 . retrieved 23 october 2013 . 100 silgan workers on strike . recordnet.com . retrieved 26 october 2013 . silgan holdings 2005 fortune 500 . cnn . retrieved 23 october 2013 . 671 . silgan holdings 2009 . cnn . retrieved 23 october 2013 . silgan holdings stock rating reaffirmed by zacks slgn . ticker report . 22 october 2013 . retrieved 23 october 2013 . eeoc sues silgan containers . journal sentinel . 8 september 2009 . retrieved 26 october 2013 . silgan containers required to pay 45 000 to settle eeoc race discrimination suit . us equal employment opportunity commission . 2 july 2010 . retrieved 26 october 2013 . silgan leaders speak out as worker strike in toppenish hits day 8 . nbc . 1 may 2010 . retrieved 26 october 2013 . http www.businesswire.com news home 20101215005813 en silgan announces agreement acquire vogel noot expands . vd5kcbwth74 silgan announces agreement to acquire vogel and noot ; expands food can franchise to central and eastern europe 15 december 2010 retrieved 15 october 2014 sources abelson reed january 12 1997 . despite a lack of bells or whistles a can maker may be a good buy . new york times . nicholson chris 13 april 2011 . silgan to buy graham packaging in 4.1 billion deal . new york times . research and markets november 2011 . silgan holdings inc. slgn financial and strategic swot analysis review . external links edit official website silgan official website retrieved from https en.wikipedia.org w index.php title silgan holdings & oldid 667033815 categories companies established in 1987manufacturing companies based in connecticutcompanies listed on nasdaqpackaging companies navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 15 june 2015 at 11 31 . text is available under the creative commons attribution sharealike license ; 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