Business news

 

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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Ardagh Glass completes acquisition of Impress

Ardagh Glass Group has today (7 December) completed the acquisition of global metal packaging group Impress Coöperatieve U.A. for €1.7 billion ($2.2bn). Both the European and US regulatory authorities have approved the deal to create an enlarged organisation which will be known as Ardagh Group.