Ardagh one step closer to buying Verallia North American for $1.7B

03/11/2014 | (Ireland)

Ardagh is poised to become the second-largest glass container manufacturer in the U.S. with its purchase Saint-Gobain's Verallia North American operation for $1.7 billion. The Federal Trade Commission initially stepped in to question the deal but is now satisfied with the condition that Ardagh sell six existing U.S. manufacturing sites. Finance Director John Riordan was appointed president of North American operations to reflect "the importance of this market to future growth," said the company.

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