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New Deal


Announced

Ardagh Group to acquire Longhorn Glass from Anheuser-Busch.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Cross Border

United States

packaging

Pending

Single Bidder

Glass

Private

manufacturing facility

Acquisition

Majority

Friendly

Synopsis

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Ardagh Group, a glass manufacturer, agreed to acquire Longhorn Glass, a manufacturing facility, from Anheuser-Busch, a multinational drinks conglomerate. Financial terms were not disclosed. “As we consistently work to structure our organization and network for long-term success, we are excited to further strengthen our long-standing partnership with Ardagh by transitioning our Longhorn facility. It was important for us to find a partner with a clear vision for this facility and its workforce. That, coupled with Ardagh’s expertise in the glass manufacturing space, makes them the perfect collaborator on this agreement," Dave Taylor, Anheuser-Busch US Chief Supply Officer.

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