Ardagh Group completes acquisition of European aluminum can maker Boxal from Exal Corp. for €85M

Sandy Yang

LOS ANGELES , March 2, 2012 (Industry Intelligence) –

Ardagh Group has completed the purchase of the European unit of Exal Corp., the world’s largest aluminum can producer, for €85 million (US$112.2 million), reported The Irish Times on March 2.

The acquisition of the Boxal group of companies marks Ardagh’s first venture into aluminum can making in Europe. The pending deal was announced in January.

The deal includes two aluminum can plants in France and the Netherlands, as well as Exal’s stake in an aluminum stamped disc joint venture in France and its Boxal Hungary business, The Irish Times reported.

Ardagh, which manufactures glass and metal containers for the food and consumer products sectors, has an aluminum can operation in Australia.

The primary source of this article is The Irish Times, Dublin, Ireland, on March 2, 2012.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.