Trivium Owners Are Said to Weigh Sale of US Packaging Company

The owners of Trivium Packaging are exploring a sale of the company, which might fetch more than $3.5 billion, people with knowledge of the matter said.

Ardagh Group SA and Ontario Teachers’ Pension Plan Board are working with advisers to prepare for a possible auction of Trivium, according to the people. The company is likely to attract interest from private equity firms and industry peers, they said.

Deliberations are ongoing and there’s no certainty that Ardagh and OTPP will decide to proceed with a sale, the people said, asking not to be identified discussing confidential information.

Trivium produces metal packaging ...