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Acquisition of Anchor Glass complete

Ardagh Group has received regulatory approval from the federal government to complete its acquisition of Anchor Glass Container Corp., according to an Ardagh news release.

The Luxembourg-based company announced last month it intended to purchase Anchor Glass from private investment funds managed by Wayzata Investment Partners LLC for $880 million.

Headquartered in Tampa, Fla., Anchor Glass has an operation in Warner Robins at 1044 Booth Road.

In January, Anchor idled one of its glass-making machines at its Warner Robins operation, laying off 10 percent of the work force there. During that time, there were 443 employees.

Anchor has been through three bankruptcies since 1996 and was reportedly looking for a buyer last year.

Anchor Glass employs about 2,900 people at its eight U.S. facilities.

Anchor is the third-largest glass container manufacturer in the United States, producing about 5.6 billion containers a year with annual revenues of about $800 million a year.

Ardagh Group is a global leader in rigid packaging, producing metal and glass packaging solutions for most of the world’s leading food, beverage and consumer product brands, according to Ardagh’s website. It operates 100 manufacturing plants in 25 countries, employs about 17,700 people and has annual sales of more than $5 billion.

To contact writer Harold Goodridge, call 744-4382.

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