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US: Budweiser bottler up for grabs

 |  February 20, 2014

The bottling company responsible for bottling Budweiser beer, Ardagh Glass, announced plans to divest that unit of its operations in hopes the move will quell competition concerns over its planned expansion in the nation.

According to sources, Ardasgh is set to receive bids for the Budweiser bottling operation Anchor Glass this week. It acquired the company for $892 million in 2012, according to reports.

Sources note, however, that the bidding will not necessarily mean a definite acquisition. But Ardagh is likely looking to appease the Federal Trade Commission which is concerned over its buyout of French competitor Saint-Gobain, having struck a deal to acquire its US businesses for $1.7 billion.

Full Content: Irish Times

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