Completion of the Acquisition of Anchor Glass by Ardagh Group

Date: 22 August 2012
Source: www.ardaghgroup.com

Date: 22 August 2012

Ardagh Group is pleased to announce that it has received US regulatory approval and completed the acquisition of the US-based Anchor Glass Container Corporation from private investment funds managed by Wayzata Investment Partners LLC in a transaction involving a total cash consideration of $880 million (€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 US. It produces approximately 5.6 billion containers annually from its eight facilities, employs approximately 2,700 people and has annual revenues of approximately US $800 million (€656 million).

Ardagh Group is a global leader in rigid packaging, producing metal and glass packaging solutions for most of the world's leading food, beverage and consumer product brands. It operates 100 manufacturing plants in 25 countries, employs approximately 17,700 people and has global sales in excess of Eur 4.1 billion.
600450 Completion of the Acquisition of Anchor Glass by Ardagh Group glassonweb.com

See more news about:

Others also read

MORE...

Construction Employment Declined in Most States in November as Anxiety Over Fiscal Cliff Causes Contractors to Hold Off on Hiring
Hawaii and Texas Top List of 20 States and D.C. Adding Construction Jobs Since November 2011 as Delaware and New York Trail; Vermont and Louisiana Led 19 States with One-Month Gain, D.
Wicona Curtain Walling for Glasgow Velodrome
The Emirates Arena and Sir Chris Hoy Velodrome have just been completed, creating a new world class sporting landmark for Scotland.
The American Scenario in The Glass Industry
The United States is honoring its role, to the best of its ability, as the world's locomotive, although despite the positive performance of the real estate market, America seems to be recovering slower than expected.
Turkish glass producer to expand operations at home and abroad with the help of EBRD loans
The EBRD is providing loans worth €110 million to Turkish glass manufacturer Trakya Cam A.Ş. that will expand its product range at home and in Bulgaria and also establish a presence on the Russian market, setting new standards in energy efficiency.
SAGE Electrochromics, Inc. Files Patent Infringement Lawsuit in U.S. District Court Against View, Inc.
SAGE Electrochromics, Inc., a world leader in the development and manufacture of dynamic glass, located in Faribault, Minn., today announced it has filed a lawsuit in U.S.
Thermal Industries Announces Materials Manager
PITTSBURGH—Thermal Industries, a division of Atrium Corporation, manufacturer of ENERGY STAR qualified vinyl replacement windows and patio doors, has recently named Dianne Bloomer Materials Manager.

Add new comment