Following some delay due to legal issues, Ardagh Group has completed the acquisition of Verallia North America (VNA), a move that involves the company’s divestment of six former Anchor Glass plants.
Ardagh’s acquisition of VNA follows approval of a consent order by the US Commissioners of the Federal Trade Commission.
The glass and metal packaging company has entered into a definitive agreement to sell the former Anchor Glass plants together with certain related assets to an affiliate of KPS Capital Partners.
When the acquisition and divestment are both finalised, Ardagh’s North America Glass Division will generate annual revenues of approximately US$2 billion from 16 glass manufacturing facilities, employing 5,000 people.
After completion, Luxembourg-based Ardagh Group will operate from over 100 locations in 24 countries, employing 20,000 people and have global sales of €4.8 billion ($6.5 billion).
www.ardaghgroup.com