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Ardagh completes EUR85mln Boxal deal

March 05/2012

(packagingnews) -- Packaging firm Ardagh Group has completed the acquisition of the Boxal group of companies from Exal Corporation in a deal worth around EUR85m.

Boxal produces metal aerosols and bottles for brands including LOreal, Coca-Cola, Heineken, Dove, Pantene and Nivea. It has manufacturing plants located mainly in France and the Netherlands. Szenna Pack has a single facility also making aluminium containers and is located in Hungary.

Ardagh Group chief executive Niall Wall said: "We are please 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."

Ardagh Group produces metal and glass packaging for many of the worlds leading food, drink and consumer product brands. It operates 90 manufacturing plants in 25 countries and employs around 15,000 people and has sales in excess of EUR3.4bn.
Author:Anna Larionova
Category:General News
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