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US: Glass group fulfills $1.8B buyout agreement

 |  April 14, 2014

Luxembourg-based glass maker Ardagh has reportedly set out to fulfill conditions agreed upon with US regulators regarding its $1.8 billion acquisition of Verallia North America, say reports.

Ardagh is set to divest six Anchor Glass manufacturing plans to quell competition concerns over the buyout. The company first acquired Anchor Glass in 2012, say reports.

The Heineken bottle maker first struck a deal to acquire VNA, owned by French rival Saint Gobain, early last year. With the merger now complete, reports say the Anchor Glass operations will be acquired by an affiliate of private equity fund KPS Capital Partners.

Full Content: Irish Times

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