Anthony J. Allott, Chief Executive Officer of Silgan Holdings Inc. (NasdaqGS:SLGN) said,"But to be clear, what we have said is that our preferred use has always been acquisition first. And so, I think with the Dispensing Systems business, we've increased the opportunity to find acquisitions that can fit on. So I think we would certainly go through that filter first, which hopefully is a tougher filter now than it was. And then I'll go really theoretical on you, but if the world isn't good as you started the question, then probably the leverage desire of the equity market will get tougher and that'll make it a harder decision, because you'd be relevering yourself to do a buyback in a time when maybe leverage is not viewed positively by the equity markets.,"
Silgan Holdings Inc. is a manufacturer of sustainable rigid packaging solutions for essential consumer goods products. The Companyâs segments include dispensing and specialty closures, metal containers and custom containers. The dispensing and specialty closures segment manufactures and sells dispensing systems and specialty closures for fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden products. The metal containers segment is engaged in the manufacture and sale of steel and aluminum containers for pet and human food and general line products. The custom containers segment manufactures and sells custom designed plastic containers for pet and human food, consumer health and pharmaceutical, personal care, home care, lawn and garden and automotive products. Its products are used for a variety of end markets, and it operates over 107 manufacturing plants in North America, Europe, Asia and South America.