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Ardagh completes Boxal deal

Post Time:Mar 06,2012Classify:Industry NewsView:75

Ardagh Group has completed the acquisition of the Boxal group of companies from Exal Corporation in a deal worth around €85 million.

The deal means Ardagh will significantly enhance its position in the European aerosol market.

The firm has purchased Boxal France, Boxal Netherlands and Szenna Pack.

Boxal is a technically advanced aluminium container manufacturer supplying aerosols and bottles to a wide variety of industries including cosmetics, pharmaceutical, food and beverages. It is a recognised leader in packaging solutions with manufacturing plants in France and the Netherlands, and a total annual capacity of 900 million containers. Boxal’s state-of-the-art facilities serve a suite of global brands including L’Oreal, Coca-Cola, Heineken, Dove, Pantene and Nivea. Szenna Pack has a single facility also making aluminium containers and is located in Hungary.

Niall Wall (pictured), Ardagh Group CEO, said: “We are pleased to acquire the Boxal and Szenna assets as they will significantly enhance our position in the European aerosol market. These technologically advanced businesses will enhance our product offering and will add value to our current activities.”

What are your views on this takeover? What move will the Ardagh Group make next? Have your say below.

Source: http://www.glassonweb.com/news/index/15288/Author:

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