Compagnie de Saint-Gobain has convened a meeting of its works council to hold mandatory consultations in relation to this binding and irrevocable offer. The transaction would be subject to US regulatory approval and would be expected to close later this year.
VNA, which has its headquarters in Muncie, Indiana, is the second largest glass container manufacturer in the US, serving the North American wine, food and beverage industries.
It produces approximately nine billion containers annually from its 13 facilities located throughout the US and employs approximately 4,400 people. VNA has annual revenues of approximately $1.6bn.
Source: Ardagh Group
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