Business news

 

Ardagh set to buy Italian can maker

Ardagh Group has announced that it has agreed to buy Finanziaria di Partecipazioni Industriali (Fi Par), its first acquisition in the metal packaging sector since it was formed from Ardagh Glass and Impress Holdings last November.

Heilbronn Group to expand

Germany’s Heilbronn Group has acquired Heilbronn Pressen, a manufacturer of mechanical presses and complete stamping lines for the sheet metal forming industry worldwide. The new company will be integrated into the already existing holding structure and continue to act as a supplier for the general stamping market.

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Blackstone, Dinamia to buy Spanish can maker Mivisa

US based Blackstone Group is leading a consortium of private equity funds which have agreed to buy Spanish can making company Mivisa. No financial details of the acquisition have been disclosed but Dinamia said that as part of the agreement it will pay up to €9.5 million ($12.58m) for a maximum five per cent stake in Mivisa’s parent Sofamen XXI, Reuters reported.

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BWAY announces acquisition of Phoenix Container

BWAY Holding Company, a leading producer of metal containers in North America, has expanded its operations with the acquisition of Phoenix Container. Phoenix Container is a US producer of steel pails based in North Brunswick, New Jersey, where it operates one plant producing a wide range of steel pails used for packaging industrial and consumer products.

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Berlin Packaging buys Continental Packaging Solutions

Berlin Packaging, a leading supplier of plastic, glass, and metal containers and closures, has announced the acquisition of Chicago-based Continental Packaging Solutions. The company says the transaction is designed to expand the resources available to customers for fast and expert service and cost-effective rigid packaging.

More than 300 jobs to go in Novelis closure

More than 300 jobs will be lost after Novelis confirmed its Bridgnorth foil rolling facility would close by the end of April. The aluminium firm first revealed it was considering closing the operation in September when it launched a 90-day consultation with the 319 employees at the UK site.

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Acquisitions everywhere

Ardagh Glass Group recently completed the acquisition of global metal packaging group Impress Coöperatieve U.A. for €1.7 billion ($2.2bn). The enlarged organisation will be known as Ardagh Group after both the European and US regulatory authorities approved the deal. The group will employ approximately 14,000 people and have annual revenues of over €3 billion ($4bn). […]

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Ball to buy Aerocan

Ball Corporation has agreed to acquire Aerocan – a manufacturer of aluminium aerosol cans, bottles and slugs – in a €221 million ($292m) deal which includes debt and other liabilities. The US can making company has signed a definitive agreement with Barclays Private Equity to acquire Aerocan, with the acquisition expected to close during the first quarter of 2011.

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