Packaging
Agreement to Sell Six Former Anchor Glass Plants
Tuesday 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