Trade Silgan Holdings
Cellan Holdings is a Connecticut-based U.S. manufacturer that produces packaging for consumer goods. The company was founded in 1987 by two former executives at Continental Cannes, Silver and Greg Horigan - their names contributing to the company's name. Through several acquisitions of competing companies and the pursuit of contracts with Del Monte Foods and Nestlé, Selgan Holdings' market share rose from 10 per cent in 1987 to 36 per cent in 1995. Later on the acquisitions in the late 1990s and early 2000s the company was left with debt problems noted by both Forbes and The New York Times, but by the early 2010s the company was consistently profitable. Selgan Holding employs about 17,000 people within its subsidiaries. Currently headquartered in Stamford, Connecticut, it has factories throughout North America and Europe. after its founding in 1987, Silver and Horigan proceeded to acquire many competitors and sought contracts with Del Monte and Nestlé. Its market share rose from 10 per cent in 1987 to 36 per cent in 1995, according to the New York Times. The company bought part of a rival organization, Campbell Soup, in 1998 for $150 million. However, these acquisitions were heavily indebted to the company in the late 1990s and owed $700 million in "long-term debt" in September 1997. In 2003, 100 employees were beaten over wages and health benefits, after negotiations failed. By the end of the 21st century, however, Selgan was constantly profitable. Between 2004 and 2005, profits rose by 3.1%, and its position in the Fortune 500 rose. The government's commitment to the united states' commitment to the united states' commitment to the united states is a clear and clear commitment to the united states' commitment to the united states. In 2011, Selgan tried to buy the entire Graham Packaging Company for $1.3 billion but was eventually seized by Reynolds Holdings Group, which paid $1.68 billion. In 2013, Selgan's equity holdings rose by 15% over the past two years, despite several successful acquisitions including Rexam Plastic Thermal Foods for 248.1 million, but low demand in Europe remains problematic. By July 2013, shares had fallen by 0.9%. When the acquisition of Portella Packaging was completed in October 2013, however, stock prices stabilized and then continued to increase by 5.1%. However, the company did not escape controversy during 2010. In 2009, the organization was sued by the U.S. Equal Employment Opportunity Commission after it was found that the company "refused to promote an employee who missed three fingers on his left hand and refused to do so." A $45,000 settlement was also paid to an African-American employee in 2010, which the Equal Employment Opportunity Commission ruled was terminated for racial reasons and also subjected to "varying and discriminatory treatment, such as being subject to higher standards in his work than non-black employees." This followed further strikes by employees over wages and working conditions in May 2010.Silgan Holdings acquired food can business From Vogel and Not Holdings AG, based in Vienna; the transaction was completed in March 2011. In 2010, VN operated 12 food container manufacturing facilities throughout Central and Eastern Europe, projecting sales of 250 million euros for 2010.