Ardagh Group's acquisition of Verallia North America

Date: 3 July 2013

Today, the Federal Trade Commission informed us that it had issued an administrative complaint alleging that our acquisition of Verallia North America is anticompetitive in so far as it relates to the sale of glass containers for beer and spirits.

The Commission also said that it would be filing a petition in the federal district court seeking a preliminary injunction to prohibit the closing of the transaction pending a decision on the merits of its administrative complaint..Ardagh is disappointed in the action that the Commission has taken.We believe that the transaction will benefit glass container customers and is fully consistent with the antitrust laws. Ardagh intends to vigorously defend the transaction in litigation, whilst at the same time working with the FTC to seek to resolve its concerns.

600450 Ardagh Group's acquisition of Verallia North America glassonweb.com

See more news about:

Others also read

By targeting the most energy-intensive part of the glass production process, namely the melting of the glass, ZeroCO2Glas opens up the possibility of saving a particularly large amount of energy and greenhouse gases.
Şişecam, one of the top five global manufacturers in both glass packaging and flat glass sectors, will participate in the 29th Eurasia Packaging Fair which will take place from October 23-26 at the TÜYAP Fair and Congress Center.
SOTUVER and HORN complete successful cold repair of furnace No. 2 in Tunisia.
HORN has completed its biggest End Fired Furnace project in the company´s history with Turkish glass manufacturer Baştürk Cam.
Brazil-based brewing company Ambev is to build a sustainable container glass plant in Carambei in the state of Paraná, Brazil.
HORN‘s scope of supply includes the glass drain and the dismantling of the existing furnace.

Add new comment