Ardagh Group invests US$195m in North Carolina site expansion as Canpack plans construction of second US plant

US – Ardagh Group has announced plans to expand its North Carolina can manufacturing facility to meet fast-growing demand for aluminum cans. The proposed project includes the conversion of a warehousing space to a production space and the installation of two new high-speed can manufacturing lines at the existing Winston-Salem facility. Ardagh also plans to carry out additional building improvements to make the building better suited for the additional workload that is expected once the expansion project is complete. According to a statement from the company, a total of US$195 million…

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Ardagh Group to list metal packaging unit in new US$8.5bn merger deal

US – Ardagh Group, one of the world’s largest metal and glass packaging companies, has entered into an agreement to combine its metal packaging business with Gores Holdings V, creating a new public listed company with an enterprise value of US$8.5 billion. Gores Holdings V is  a special purpose acquisition company sponsored by global investment firm: The Gores Group. Under the deal, Gores Holding will merge Ardagh’s metal packaging division to create Ardagh Metal Packaging (AMP), which will then apply for a listing on the New York Stock Exchange. US$3.4Bn…

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