Completion of the Acquisition of Verallia North America
Ardagh Group announced today that it has completed the acquisition of Verallia North America (“VNA”), following approval of a consent order by the Commissioners of the Federal Trade Commission.
Following the acquisition of VNA and the divestment of six former Anchor Glass plants, Ardagh’s North America Glass Division will generate annual revenues of approximately US$2 billion from 16 glass manufacturing facilities, employing 5,000 people.
Agreement has also been reached with the Pension Benefit Guaranty Corporation to settle the litigation regarding the VNA pension plan.
About the Ardagh Group
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 the completion of this transaction and related divestment, it will operate from over 100 locations in 24 countries, employing 20,000 people and have global sales of €4.8 billion ($6.5 billion).
11 April 2014