Ardagh Group signs definitive Share Purchase Agreement to acquire Verallia North America

Ardagh Group, a global leader in glass and metal packaging solutions, today announced that it has now entered into a definitive share purchase agreement with Compagnie de Saint-Gobain to purchase from it the entire issued share capital of Verallia North America (“VNA”) in a transaction involving total consideration of approximately US$1.7 billion (€1.275 billion).  The transaction is subject to US regulatory approval and is expected to close later this year.Ardagh also announced that it has successfully raised a total of (1) US$1,270 million, through the issue of US$420 million 4â…ž% Senior Secured Notes and US$850 million 7% Senior Notes, and (2) €250 million, through the issue of euro denominated 5% Senior Secured Notes.  The proceeds from the issue and sale of the Notes will be used to pay the cash consideration for the acquisition and certain costs and for general corporate purposes, including repayment of existing debt.VNA, which has its headquarters in Muncie, Indiana, is the second largest glass container manufacturer in the US, serving the North American wine, food and beverage industries.  It produces approximately 9 billion containers annually from its 13 facilities located throughout the United States and employs approximately 4,400 people.  VNA has annual revenues of approximately US$1.6 billion (€1.2 billion).About Ardagh Group S.A.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.

After completion of this transaction, it would operate 113 facilities in 26 countries, employ some 22,000 people and have global sales exceeding €5.4 billion.  Ardagh’s customers include:  AB InBev, Heineken, Diageo, Pernod Ricard, Bacardi Martini, Heinz, Nestle, Kraft, Danone, Unilever, Procter & Gamble, L’Oreal, Snapple, Coca Cola, Del Monte and many more international brands.

600450 Ardagh Group signs definitive Share Purchase Agreement to acquire Verallia North America
Date: 21 January 2013

See more news about:

Others also read

Tecglass is one of the leading companies that design and develop a range of innovative Digital Printers for the glass industry.
Dr Henry Snaith of the University of Oxford has been named as one of the ten people who have made the most difference in science during 2013 in recognition of his work on next generation solar power technology.
The Education Center Erasmus MC Rotterdam has won the Rotterdam Architecture Award. From a shortlist of 25 entries, the jury has chosen the design of Claus & Kaan Architecten.
Coverings ETC’s Bio-Glass in “Topaz Blue” designed by Ofer Mizrahi was bestowed the Interior Innovation Award-Winner 2013, the prestigious international design award of the German Design Council.
2013 Deep Research Report on China LOW-E Glass Industry was professional and depth research report on China Low-E Glass (LOW-Emissivity Glass) industry.
We would like to express our sincere thanks to GlassOnWeb visitors, friends, members and supporters.Thank you all so much for being a part of it!Warmest thoughts and the best wishes for Merry Christmas and a New Year filled with peace, love, joy and lasting happiness.

Add new comment