Ardagh Group

Ardagh Group is a Luxembourg-based producer of glass and metal products that has "grown in the past two decades into one of the world’s largest metal and glass packaging companies".[2]

Ardagh Group S.A.
TypePublic
NYSE: AMBP (Class A)
Russell 1000 Component
IndustryPackaging
Founded1932, Dublin
HeadquartersLuxembourg, Luxembourg
Number of locations
109
Key people
Paul Coulson (Chairman & CEO)
ProductsGlass and Metal Packaging
RevenueIncrease€7,646M (FY 2016)[1]
Total assetsIncrease€10,261M (FY 2016)[1]
Number of employees
Approx. 23,500 (FY 2016)[1] (2016)
Websitewww.ardaghgroup.com

As of 2012, the company operated 89 facilities in 22 countries, employed approximately 23,500 people, and had approximately €7.7 billion in revenue.[3]

History

Founded in 1932 as the Irish Glass Bottle Company in Dublin, the company expanded through a series of acquisitions after Paul Coulson acquired an initial stake in the company in 1998.[4] In North America, the company currently operates two of the oldest continuously operated glass container plants in the country: Dunkirk, Indiana, opened in 1889, and Winchester, Indiana, opened in 1898.

It purchased Rockware Glass in 1999. In 2011, it purchased the metal packaging company Impress Group for €1.7 billion and Fi Par for €125 million. In August 2012, the company acquired Anchor Glass Container Corporation for $880 million. In January 2013, Ardagh Group agreed to acquire St-Gobain's Verallia North America for €1.3 billion. In 2012 it purchased the Rexam Glass Division.[3]

The company launched an initial public offering (IPO) in March 2017 on the New York Stock Exchange,[5] raising just over $300 million.[4]

In 2022 Ardagh Group successfully concluded its strategic acquisition of Consol Glass, Africa now known as Ardagh Glass Packaging – Africa (AGP – A).

References
  1. Ardagh Annual Report 2016
  2. Smith, Robert (16 January 2018). "Hot market greets 'super PIK' bonds sold by Irish billionaire". Financial Times. Retrieved 16 January 2018.
  3. "Ardagh Group completes Anchor Glass acquisition". RTÉ News. 20 August 2012.
  4. Boland, Vincent (14 March 2017). "Packaging maker Ardagh raises $300m in IPO". Financial Times. Retrieved 16 January 2018.
  5. "Packaging conglomerate Ardagh launches long-awaited IPO in New York". Reuters. 6 March 2017. Retrieved 16 January 2018.
Wikimedia Commons has media related to Ardagh Group.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.