Ardagh Glass acquires Impress Metal Packaging for €1.7 billion

Ardagh Glass Group has acquired global metal packaging group Impress Coöperatieve U.A. for €1.7 billion from private equity firm Doughty Hanson.

The enlarged business will trade as Ardagh Packaging Group and will have annual revenues of more than €3 billion. The acquisition is conditional on EU and US competition authority approvals.

Impress currently has annual revenues of €1.8 billion, operating 57 facilities in 22 countries across five continents and employing 7,500 people. It is a major player in the European, North American and Australasian markets.

Ardagh Glass is currently the third largest glass packaging manufacturer in Europe with revenues of €1.2 billion, operating 24 facilities in seven countries. It employs 6,500 people and provides glass packaging solutions to the food and beverage industry.

Ardagh Chairman Paul Coulson said the acquisation was “transformational” for the company. “The acquisition of Impress will enable Ardagh to become a major force in world packaging,” he said.

The newly enlarged business will operate 81 facilities with leading market positions across 24 countries. The new business will have considerable scale with sales in excess of €3 billion and employing 14,000 people.

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