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Ardagh Group completed the merger of its Food & Speciality can business with Exal Corporation to create Trivium Packaging, jointly controlled by Ardagh and the Ontario Teachers' Pension Plan Board. The deal was completed on 31 October 2019.
Ardagh completed the combination of its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, holding about 43% and receiving $2.5 billion in cash.
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.
Exal Corporation agreed to sell Exal Packaging SA, its aerosol filling business in Garin, Argentina, to Argentine manufacturer Queruclor Group. The sale was completed on 7 August 2019 and clears the way for the Trivium Packaging joint venture with Ardagh Group.
Ardagh Group agreed to combine its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, a metal packaging company with 57 facilities and about 7,800 employees, headquartered in the Netherlands. Ardagh will hold 43% and receive about $2.5 billion in cash, with completion expected later in 2019.
Exal, a premium aluminum packaging maker, chose Lighthouse Systems' Shopfloor-Online manufacturing execution system to be developed and implemented at its North American operations in Youngstown, Ohio.
Exal Group, the aluminum can maker acquired by Stonebridge Partners in 2010, combined with Ardagh Group's food and specialty metal packaging division in October 2019 to form Trivium Packaging, with Ardagh holding 43% and Ontario Teachers' and Stonebridge controlling 57%.
