Ardagh ‘weighs up’ Trivium Packaging sale
Ardagh Group is reportedly weighing up a sale of Trivium Packaging.
Bloomberg reports that Ardgah is working with Ontario Teachers’ Pension Plan Board on the possible auction of Trivium.
It has also been claimed that the packaging company could fetch more than $3.5billion.
Trivium Packaging is a global supplier of infinitely recyclable, metal packaging for the world’s leading brands.
Trivium has more than 60 locations worldwide and employs close to 7,500 people with sales of $3.3bn
In 2019, Ardagh announced that it had entered into an agreement to combine its Food & Specialty Metal Packaging business with the business of Exal Corporation, who are controlled by Ontario Teachers to form Trivium Packaging.
There is no indication on who may purchase Trivium, but it said it will likely attract interest from private equity firms and industry peers.