Ardagh purchases Verallia packaging unit for $1.7B

01/14/2013 | Bloomberg

Luxembourg-based glass packager Ardagh will purchase the U.S. business of French company Saint-Gobain's Verallia glass packaging unit for $1.7 billion. The purchase will expand Ardagh's operations to 26 countries with 113 facilities and about 22,000 employees, and will allow the company to pursue new U.S. wine industry clients. Saint-Gobain said the sale will allow the company to focus more on auto and construction glass, building products and high-performance materials including refractories.

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