Ardagh Glass closes the acquisition of Impress Group
New enlarged entity to be named Ardagh Group
7 December 2010 – Ardagh Glass Group is pleased to announce today it has completed the acquisition of global metal packaging group Impress Coöperatieve U.A. for €1.7 billion. Both the European and US regulatory authorities have approved the deal to create an enlarged organisation which will be known as Ardagh Group. The closing of the acquisition has concurrently resulted in the refinancing of certain debts of the combined group.
As a leading diversified global packaging business, Ardagh Group will operate 81 facilities and hold either number one or number two positions in nearly all its served markets across 24 countries. The group will employ approximately 14,000 people and have annual revenues of over €3 billion.
