Deals

Platinum Equity in Talks to Buy Packaging Maker Trivium

  • Buyout firm aims to reach deal with owners OTPP, Ardagh
  • Maker of metal containers may fetch more than $3.5 billion
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Platinum Equity is in talks to buy Trivium Packaging NV for more than $3.5 billion, people with knowledge of the matter said.

The Los Angeles-based buyout firm, which has outlasted other suitors, is trying to finalize a deal with owners Ontario Teachers’ Pension Plan Board and Ardagh Group SA in the coming weeks, according to the people, who asked not to be identified discussing confidential negotiations.