Platinum Equity is in talks to buy Trivium Packaging NV for more than $3.5 billion, as reported by Bloomberg News.

Trivium produces metal packaging products for sectors including food, beauty and home care covering products from tuna cans and hairspray bottles to paint and disinfectant spray. 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 in the coming weeks, according to Bloomberg. Rival bidder Sonoco Products Co. (NYSE: SON) dropped from the Trivium auction after it agreed to buy European food can manufacturer Eviosys for about $3.9 billion in June, Bloomberg reported.