Acquisition of Verallia North America
Ardagh today announced that it is in the process of restructuring its proposed acquisition of the Verallia North America (“VNA”) business by selling, contingent on closing of its agreement with Saint-Gobain to acquire VNA, four glass container manufacturing plants as a standalone business to a single buyer. Ardagh is currently in negotiations with a number of potential qualified buyers, each of whom is well capitalized and owns and operates other industrial businesses in the United States.