# Ontario Teachers' acquires 57% of Ardagh Food & Specialty, merging it with Exal into Trivium Packaging

Ardagh Group sold a 57% stake in its Food & Specialty business to Ontario Teachers' Pension Plan, which merged it with Exal into Trivium Packaging. The Food & Specialty part was sold for USD 2.5 billion, and Ardagh keeps a 43% stake in Trivium.

- Type: Acquisition
- Announced: 2019-09-11
- Value: $2.50B
- Status: completed
- Products: steel food cans, aluminium aerosol containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Trivium Packaging](https://endata.com/companies/2160.md) (partner)
- [Exal Group](https://endata.com/companies/2161.md) (partner)
- [Ardagh Group](https://endata.com/companies/2162.md) (partner)
- [Ontario Teachers' Pension Plan](https://endata.com/companies/2614.md) (investor)

## Sources

- [verpakkingsmanagement.nl](https://www.verpakkingsmanagement.nl/marktnieuws/nieuws/ardagh-en-exal-starten-joint-venture-trivium36007), 2019-09-11: "Het Food & Speciality onderdeel is per 1 november deels verkocht voor 2,5 miljard dollar."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.