Agreement to Sell Six Former Anchor Glass Plants

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

See more news about:

Others also read

"Opportunity in the Indian Glass Market - 2014 : Market size, Market share, Market landscape, Market trend analysis, Growth drivers, Future opportunity, Future forecast" provides an insight into the Indian Glass current market scenario, structure and practices.
Dubai Investments (DI) CEO Khalid Bin Kalban has revealed that the Company seeks to examine several expansion opportunities in 2015.
This report was created for strategic planners, international executives and import/export managers who are concerned with the market for nonwired glass sheets of float glass and surface ground or polished glass.
New Business to Support Company's Growing Presence in East and Central African Markets - H.B. Fuller Company (NYSE: FUL) announced today that it has signed an agreement to purchase Continental Products Limited, a provider of industrial adhesives in East and Central Africa.
Coinciding with the fulfillment of the ARTESUN project´s first year (November), the third Project Meeting took place at Corning headquarters in Avon, France    Funded by the European Comission through its Seventh Framework Programme, ARTESUN Project aims to develop organic photovoltaic solar cells (OPV) through the implementation of three full-scale prototypes.
Dear Valued Shareholders, it’s been a breakthrough, banner year for New Energy Technologies. I’m proud to share many of our 2013 – 2014 accomplishments and development goals planned for the year ahead.

Add new comment