Ardagh Group completes acquisition of Anchor Glass
Ardagh Group has announced 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.
The transaction involved a total cash consideration of US$880m (€721m).
Anchor, which is headquartered in Tampa, Florida, is a technologically advanced manufacturer of glass containers serving the North American food and beverage industries.
It is the third largest glass container manufacturer in the US, producing approximately 5.6 billion containers annually from its eight facilities and employing approximately 2,700 people.
Anchor has annual revenues of around US$800m (€656m).
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 €4.1bn