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Completion of the acquisition of BOXAL France SAS, BOXAL Netherlands BV and Szenna Pack Kft. by Ardagh Group

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Completion of the acquisition of BOXAL France SAS, BOXAL Netherlands BV and Szenna Pack Kft. by Ardagh Group

February 29
10:31 2012

2 March 2012 – Ardagh Group is pleased to announce that it has completed the purchase of Boxal France SAS, Boxal Netherlands BV and the assets of Szenna Pack Kft. from Exal Corporation for a total consideration of approximately Eur 85 Million.

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 world leader in packaging solutions with manufacturing plants principally 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, Ardagh Group CEO, commented:

“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.”

Ardagh Group is a global leader in rigid packaging, producing metal and glass packaging solutions for most of the world’s leading food, beverage and consumer product brands. It operates 90 manufacturing plants in 25 countries, employs approximately 15,000 people and has global sales in excess of Eur 3.4 billion.

 

For reference:

 

Ed Micheau

Murray Consultants

+353 1 4980300

Email: emicheau@murrayconsult.ie

 

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