Filtraglass
Falorni Tech Glass Melting Technology
Banner

Consumers Packaging in C$100-million Anheuser-Busch deal

Canada“s Consumers Packaging Inc. signed a C$ 100 million joint venture with Anheuser-Busch Packaging Group, that will add up to C$ 80 million annually to the company“s coffers, Consumers president …

Canada“s Consumers Packaging Inc. signed a C$ 100 million joint venture with Anheuser-Busch Packaging Group, that will add up to C$ 80 million annually to the company“s coffers, Consumers president John Ghaznavi said. Toronto-based Consumers said it will reopen the Houston, Texas, glass manufacturing plant it purchased from Anchor Glass Container Corp. in 1997 when that company went bankrupt. Consumers will own 51% of the new operations while Anheuser-Busch will take a 49% stake, Ghaznavi said. “Every three bottles that are produced in North America, one of it is Anheuser-Busch. They are the largest purchaser of glass in North America and they“ve become our partner,” Ghaznavi said. “They“re putting 50% of the money in the deal and we“re very proud they“re hitching their wagon to our wagon.” The deal will generate an additional C$ 70 million to C$ 80 million in annual revenue for Consumers, he said. Earlier this month, the two companies signed a 10-year agreement to supply bottles to Anheuser-Busch“s Houston brewery through Consumer“s plant in Mexicali, Mexico. That will now be shifted to the Houston glass plant, which will be refitted into a state-of-the-art facility. The reopening of the plant, which had been shelved since 1997, in December will create about 150 jobs, Consumers said.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news