# Anheuser-Busch to sell Houston Longhorn Glass plant to Ardagh Group

Anheuser-Busch agreed to sell its Houston-based Longhorn Glass manufacturing facility, which supplies bottles to its Houston brewery, to Ardagh Group. Ardagh plans to invest in modernizing the facility, and the transaction is expected to be followed by a long-term supply agreement.

- Type: Acquisition
- Announced: 2021-01-29
- Where: Houston, Texas, United States
- Value: $2.31B
- Status: announced
- Products: glass bottles
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Ardagh Group](https://endata.com/companies/2162.md)
- [Anheuser-Busch](https://endata.com/companies/274.md) (partner)
- [Ardagh Group](https://endata.com/companies/2162.md) (acquirer)
- [Ardagh Metal Packaging](https://endata.com/companies/7342.md) (target)
- [Gores Holdings V](https://endata.com/companies/7650.md) (acquirer)
- [Gores Holdings V](https://endata.com/companies/7650.md) (partner)

## Sources

- [brewbound.com](https://www.brewbound.com/news/anheuser-busch-to-sell-houston-based-longhorn-glass-to-ardagh-group/), 2021-01-29: "Today, Anheuser-Busch (A-B) is announcing an agreement to sell its Houston-based Longhorn Glass manufacturing facility to longtime partner Ardagh Group."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1689662/000110465921026434/tm217531d4_6k.htm), 2021-02-23: "The aggregate consideration to be paid to AGSA pursuant to the Transfer Agreement and the Business Combination Agreement consists of (a) $2,315,000,000, payable in cash."
- [canmakingnews.com](https://www.canmakingnews.com/issues/news-in-brief/ardagh-to-combine-with-gores-holdings-to-merge-beverage-can-businesses/), 2021-02-23: "Gores Holdings V will combine with Ardagh's metal packaging business that will be held by Ardagh Metal Packaging to create an independent public company."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1816816/000119312521065732/d147196d8k.htm), 2021-03-02: "On February 22, 2021, Gores Holdings V, Inc. (the "Company") entered into a Business Combination Agreeme"

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