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Anchor Glass completes transaction with GE for plant expansion

US-based Anchor Glass Container Corp. has completed a US$ 30 million sale/leaseback transaction with General Electric Co.“s (GE) General Electric Capital Corp. to finance expansion of the glass conta…

US-based Anchor Glass Container Corp. has completed a US$ 30 million sale/leaseback transaction with General Electric Co.“s (GE) General Electric Capital Corp. to finance expansion of the glass container manufacturer“s Warner Robins, Georgia, and Jacksonville, Florida, plants. In a recent press release, Anchor said it is expanding the plants to meet demand from a multi-year supply agreement with Anheuser-Busch. Under the agreement, the Anchor plants will supply all bottles for Anheuser-Busch“s Cartersville, Georgia, and Jacksonville breweries beginning next January. The sale/leaseback with GE Capital is the first to close of several financing transactions Anchor expects to complete in connection with the expansion. Anchor Glass Container is a unit of Consumers Packaging Inc.

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