Channel: Mergers, acquisitions & disposals
Ardagh: strengthening and gaining market share in the North American container glass sector

2013-06-20 | Mergers, acquisitions & disposals

Thanks to major acquisitions in 2012, Ardagh has become the second most important hollow glass manufacturer in North America. The acquisition of Verrallia, the US jar unit of Saint-Gobain, as well as that of Anchor Glass, puts Ardagh in the ideal position for expansion, with production units in 25 countries, 17,700 employees and global sales exceeding EUR 4.1 billion.

Ardagh has become the second most important hollow glass manufacturer in North America
Ardagh Group, based in Luxembourg, is a global leader in rigid packaging solutions. Thanks to the completion of the acquisitions it carried out in 2012, it will operate 100 facilities in 25 countries, employ 17,700 people and have global sales exceeding EUR 4.1 billion. Ardagh’s customers include: AB InBev, Heineken, Diageo, Pernod Ricard, Bacardi Martini, Heinz, Nestle, Danone, Unilever, Procter and Gamble, L’Oreal, Snapple, Coca Cola, Del Monte and many more international brands.

The Anchor Glass acquisition
Ardagh Group first announced its intentions to acquire US-based Anchor Glass Container Corporation in July 2012. The acquisition was to take place using private investment funds managed by Wayzata Investment Partners LLC in a transaction involving total cash consideration of USD 880 million (EUR 721 million).
Anchor, which is headquartered in Tampa, Florida, is a technologically advanced manufacturer of glass containers serving the North American food and beverage industries. Anchor is the third largest glass container manufacturer in the United States. It produces approximately 5.6 billion containers annually from its eight facilities located in the United States and employs approximately 2,700 people. Anchor has annual revenues of approximately USD 800 million (EUR 656 million).
Paul Coulson, Ardagh Chairman, commented: “The acquisition of Anchor increases the size of our glass business by almost 50 per cent and is a very significant step in developing our opera...




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Article taken from Glass Machinery Plants & Accessories bi-monthly magazine (6 issues per year)
Year: 2013 number: 3
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Ardagh

2013-06-20
Thanks to major acquisitions in 2012, Ardagh has become the second most important hollow glass manufacturer in North...

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