Ardagh Acquires Metal Packaging Group

Ardagh Group recently announced it is to acquire Finanziaria di Partecipazioni Industriali SpA (Fi.Par), a group engaged in the production of metal packaging for the food and aerosol markets in Italy and Greece. Fi.Par trades under the names of In Cam, National Can Italiana, Eurobox, European Aerosol Can, and National Can Hellas. The Fi.Par Group had sales revenues of around 150M/Euros in 2010 and employs 440 people at 5 manufacturing locations - four in Italy and one in Greece. The acquisition has been approved by the Italian competition authority.