M&A Deal Summary

Ardagh Group SA Acquires Anchor Glass

On July 17, 2012, Ardagh Group SA acquired packaging company Anchor Glass from Wayzata Investment Partners for 880M USD

Acquisition Highlights
  • This is Ardagh Group SA’s 2nd transaction in the Packaging sector.
  • This is Ardagh Group SA’s 3rd largest (disclosed) transaction.
  • This is Ardagh Group SA’s 1st transaction in the United States.
  • This is Ardagh Group SA’s 1st transaction in Florida.
Investment Fate
  • Anchor Glass was divested to a consortium of buyers in 2014.
  • Anchor Glass was sold to a consortium of financial buyers in 2016.

M&A Deal Summary

Date 2012-07-17
Target Anchor Glass
Sector Packaging
Buyer(s) Ardagh Group SA
Sellers(s) Wayzata Investment Partners
Deal Type Add-on Acquisition
Deal Value 880M USD
Advisor(s) Jefferies (Financial)
Akin Gump Strauss Hauer & Feld (Legal)

Target

Anchor Glass

Tampa, Florida, United States
Anchor Glass is a provider of glass packaging in the United States, focusing on the growing, premium specialty segment of the market. Anchor has long-standing relationships with blue chip companies across the beer, liquor, food, beverage, ready-to-drink and consumer end-market. Anchor Glass was founded in 1983 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Ardagh Group SA

Luxembourg, Luxembourg

Category Company
Founded 1932
Sector Packaging
Employees18,000
Revenue 4.2B EUR (2013)
DESCRIPTION

Ardagh Group is a Luxembourg-based producer of glass and metal products. It was founded in 1932 as the Irish Glass Bottle Company. In 1999 it expanded by buying Rockware Glass and in 2007 by buying the Rexam Glass Division.


DEAL STATS #
Overall 2 of 4
Sector: Packaging M&A 2 of 4
Type: Add-on Acquisition M&A Deals 2 of 4
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Impress Holdings

Deventer, Netherlands

Impress is a global market leader in the consumer packaging industry. It is the worldwide leader in the seafood can market, European and Australasian leader for aerosol cans, and European leader in cans for Paints and Coatings and for Infant and Nutritional Powders. It is also the second largest supplier of heat processed food cans in Europe and Australasia.

Buy €1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-15 Anchor Glass

Tampa, Florida, United States

Anchor Glass is a provider of glass packaging in the United States, focusing on the growing, premium specialty segment of the market. Anchor has long-standing relationships with blue chip companies across the beer, liquor, food, beverage, ready-to-drink and consumer end-market. Anchor Glass was founded in 1983 and is based in Tampa, Florida.

Sell -

Seller(S) 1

SELLER

Wayzata Investment Partners

Plymouth, Minnesota, United States

Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 9 of 22
Sector: Packaging M&A 3 of 4
Type: Add-on Acquisition M&A Deals 6 of 12
State: Florida M&A 1 of 2
Country: United States M&A 9 of 22
Year: 2012 M&A 4 of 4
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Caraustar Industries

Austell, Georgia, United States

Caraustar Industries, Inc. is an integrated manufacturer of recycled paperboard and converted paperboard products. Caraustar Industries was founded in 1938 and is based in Austell, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-22 Portola Packaging

Downers Grove, Illinois, United States

Portola Packaging, Inc., is a designer, manufacturer and marketer of tamper evident plastic closures used in dairy, fruit juice, bottled water, sports drinks, institutional food and other non-carbonated beverage markets. The company also produces a wide variety of plastic bottles.

Sell $266M