Ardagh to buy European packaging group in €125m agreement

Published 11th April, 2011 by Greg Morris

Ardagh Group is to buy European packaging group Finanziaria di Partecipazioni Industriali (Fi Par) in a deal reported to be worth up to €125 million.

Fi Par is involved in the production of metal packaging for the food and aerosol markets in Italy and Greece, trading under the names In Cam, National Can Italiana, Eurobox, European Aerosol Can and National Can Hellas.

Chief Executive of Ardagh Group, Niall Wall, said the deal would reinforce the group’s position in key product areas. “Annual group sales in Italy, including glass and metal, will now be substantially increased, making this one of our key geographies and further strengthening our presence in southern Europe,” he said.

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.