Ardagh Group

Ardagh Group S.A.
Public
Traded as NYSE: ARD (Class A)
Russell 1000 Component
Industry Packaging
Founded 1932
Headquarters Luxembourg, Luxembourg
Number of locations
 109
Key people
 Paul Coulson (Chairman), Ian Curley (CEO)
Products Glass and Metal Packaging
Revenue Increase€7,646M (FY 2016)[1]
Total assets Increase€10,261M (FY 2016)[1]
Number of employees
 Approx. 23,500 (FY 2016)[1] (2016)
Website www.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 for $880 million. In January 2013, Ardagh Group agreed to acquire St-Gobain's Verallia North America for €1.3 billion. In 2016 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]

References

  1. 1 2 3 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. 1 2 "Ardagh Group completes Anchor Glass acquisition". RTÉ News. 20 August 2012.
  4. 1 2 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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