Ardagh Group S.A. will acquire Consol Holdings Proprietary Limited, the leading producer of glass packaging on the African continent, for an equity value of ZAR10.1bn ($635m).
Ardagh’s metal packaging business will combine with Gore Holdings V to create an independent public company; which will apply to list its shares on the New York Stock Exchange.
Ardagh Group has entered into an agreement to combine its Food & Specialty Metal Packaging business with Exal aluminium containers to become Trivium Packaging.
Nitro coffee – a craze that’s attracting consumers in US coffee shops – has the potential to grow in popularity as an at-home experience, thanks to the technology available in cans, according to the Ardagh Group.
Ardagh Group has allegedly drawn bids from BC Partners, Carlyle Group and Onex Corp private equity firms for its €2bn metal-containers unit, according to Bloomberg.
Ardagh Group claims to have broken new technical ground by producing a cork-mouthed bottle for William Grant & Sons brand Sailor Jerry that uses a special process to help cut its weight by 20%.
Ardagh Glass said the acquisition of Impress for €1.7bn is set to transform it into a major global packaging player with annual revenues of more than €3bn.
Having closed its Irish Glass Bottle Company with the loss of 375
jobs earlier this year, Ardagh has reported an operating profit
from its continuing operations of €14.6 million in the first half.
Ardagh, the Irish glass packaging group which is closing its
Ringsend plant, saw pre-tax profits plummet to €2.4 million last
year compared with €8.9 million in 2000.
