Mergers & Acquistions
Ardagh Group has agreed to merge its Food & Specialty Metal
Packaging business with Exal Corp. to form Trivium Packaging,
manufacturer of both aluminum and tin-plate steel metal
packaging. Trivium will be headquartered in The Netherlands
and will operate 57 production facilities in Europe and the
Americas, employing approximately 7,800 people. Trivium
will serve the food, seafood, pet food, nutrition, beauty and
personal care, household care and premium beverages markets.
Upon completion of the transaction, Ardagh will hold a 43%
stake in Trivium, with 57% controlled by Ontario Teachers’
Pension Plan Board, the former controller of Exal. Ardagh
will also receive approximately $2.5 billion in cash proceeds.
The transaction is expected to close in the fourth quarter of
this year.
Quebec-based Knowlton Development Corp. (KDC/ONE)
is acquiring the manufacturing business and assets of aerosol
46 Spray September 2019
filling company
Swallowfield plc
for £35 million
($57 million).
Swallowfield’s
manufacturing
business has 560 employees, operates two facilities in the UK
and one in Czech Republic, has a sourcing office in China and
has sales offices in Paris and New York. Swallowfield plc will
retain its other brands, be relocated to Teddington, UK and
will be renamed Brand Architekts Group plc. Swallowfield’s
CFO Matthew Gazzard will become President of KDC/ONE
Swallowfield, KDC/ONE’s entire manufacturing business.
Jane Fletcher will be named KDC/ONE Swallowfield’s Sales &
Marketing Director. Tim Perman will remain CEO of Swallowfield’s
Brand Business, now Brand Architekts Group.
Colgate-Palmolive Co. has
bought the skin care business
of French company Laboratoires
Filorga Cosmétiques
for €1.50 billion ($1.69
billion). Filorga’s anti-aging
skin care products are sold in more than 60 countries.
Henkel has acquired a 51% stake in eSalon.com LLC to invest
in a new digital business model and create a joint venture. eSalon
provides personalized hair color with individualized products and
formulas. eSalon employs 120 people and is based in Los Angeles,
CA. Financial terms of the deal were not revealed.
Conair Corp.’s professional liquids division has been purchased
by Los Angeles-based Transom Capital Group for an undisclosed