Ardagh Group is to buy Finanziaria di Partecipazioni Industriali (Fi.Par), a producer of metal packaging for the food and aerosol markets in Italy and Greece.
Fi.Par trades under the names of In Cam, National Can Italiana, Eurobox, European Aerosol Can, and National Can Hellas.
In 2010 group sales revenues were around €150 million from five manufacturing locations – four in Italy and one in Greece.
The move has been approved by the Italian competition authority and is likely to complete in early April.
“Annual Group sales in Italy including glass and metal will now be substantially increased, making this one of our key geographies and further strengthening our presence in Southern Europe,” said Niall Wall, CEO of Ardagh Group.
Ardagh Group’s metal and glass operations comprise 82 manufacturing plants in 24 countries, generating global sales in excess of €3.2 billion.
