Ardagh and Exal to jointly form a new metal packaging company Trivium Packaging

Ardagh Group, a Luxembourg-based producer of glass and metal containers, has reportedly agreed to combine its good and speciality metal packaging business with one of the world’s largest extruded aluminium containers producers Exal Corporation.

As per the report, they will together form a new metal packaging company Trivium Packaging, which will be one of the world’s largest metal packaging companies.

Trivium will be headquartered in the Netherlands and will employ about 7,800 people for its 57 production facilities, mainly in Europe and America.

Ardagh said Trivium would serve a diverse range of multinational and regional customers operating in a wide array of end markets like food (sea food and pet food), nutrition, beauty and personal care, household care, and premium beverages.

Paul Coulson, chairman and chief executive of Ardagh, will be the chairman of Trivium and Michael Mapes, CEO of Exal, will be the CEO.

Reportedly, Ardagh will hold a 43 per cent stake in Trivium and will receive approximately $2.5 billion in cash proceeds. This deal, which is still subject to regulatory approval, is expected to close in the fourth quarter of 2019.

Paul Coulson said, “Trivium will have the products, customers, innovation capabilities and leadership team to deliver continued growth and success, as brand owners and consumers increasingly seek sustainable packaging solutions.”

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.