Agreement to Sell Six Former Anchor Glass Plants

Date: 15 April 2014
Source: www.ardaghgroup.com

Date: 15 April 2014

Ardagh Group announces that it has entered into a definitive agreement to sell six former Anchor Glass plants, together with certain related assets, to an affiliate of KPS Capital Partners, LP (“KPS”).

The closing of the transaction is subject to the satisfaction of customary closing conditions, including approval of the Federal Trade Commission.   

Following the acquisition of Verallia North America (“VNA”), on 11 April 2014, and the completion of the divestment of these assets to KPS, Ardagh’s North America Glass Division will generate annual revenues of approximately US$2 billion from 16 glass manufacturing facilities, employing 5,000 people.

About the Ardagh Group

Ardagh Group, based in Luxembourg, is a global leader in glass and metal packaging solutions, producing packaging for most of the world's leading food, beverage and consumer care brands. Following the acquisition on 11 April 2014 of VNA and the above transaction with KPS, Ardagh will operate from over 100 locations in 24 countries, employing 20,000 people and have global sales of some €4.8 billion ($6.5 billion).
600450 Agreement to Sell Six Former Anchor Glass Plants glassonweb.com

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