Ardagh Group (“Ardagh”) announced today that it has entered into an agreement to combine its Food & Specialty Metal Packaging business (“Food & Specialty”) with the business of Exal Corporation (“Exal”), a leading producer of aluminum containers, to form Trivium Packaging (“Trivium”), a global leader in metal packaging.
The combination of Food & Specialty with Exal, currently controlled by Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”), will create one of the largest metal packaging companies in the world. Trivium will be headquartered in the Netherlands and will operate 57 production facilities, principally across Europe and the Americas, employing approximately 7,800 people.
Trivium will serve a diverse range of leading multinational, regional and local customers operating in a wide array of end markets, including food, seafood, pet food, nutrition, beauty and personal care, household care and premium beverages.