Ardagh Group

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Ardagh Group S.A.
Company 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

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]

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. ^ a b c 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. ^ a b "Ardagh Group completes Anchor Glass acquisition". RTÉ News. 20 August 2012.
  4. ^ a b 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.

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