Ardagh Group agrees to acquire US-based Anchor Glass Container Corporation from private investment funds managed by Wayzata Investment Partners LLC
Ardagh Group, a global leader in glass and metal packaging solutions, announced that it has agreed to acquire US-based Anchor Glass Container Corporation from private investment funds managed by Wayzata Investment Partners LLC in a transaction involving a total cash offering of USD 880 million. The transaction is subject to US regulatory approval and other customary closing conditions and is expected to close at the end of August 2012.
Anchor, which is headquartered in Tampa, Florida, is a manufacturer of glass containers serving the North American food and beverage industries. Anchor is the third largest glass container manufacturer in the US, and produces approximately 5.6 billion containers annually from its eight facilities located in the United States. The company employs approximately 2,700 people. Anchor has annual revenues of approximately USD 800 million.