Silgan Holding’s net income plummeted year-on-year in Q2 by $40.6m (€33.5m) and warned planned custo
date:Jul 27, 2012
in its operating performance.

Silgan also announced the acquisition of ntaş ner Teneke Ambalaj Sanayii Ve Tikaret A.S., which operates under the name of ntaş in Izmir, Turkey on 10 July.

ntaş, with sales of $30m in 2011, is a supplier of food cans and vacuum closures in Turkey.

Earlier this month, the firm acquired Rexam's plastic thermoformed business for $250m and is expected to close in Q3.

Segment outlook

Net sales of the metal container business were down $2.6m to $479.7m for th
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