The glass industry constantly evolves. Mergers and acquisitions in the U.S. glass business are not uncommon. Today, Home Glass Repair Chandler decided to focus on the analysis of the recent buy-out of a family glass business by Ardagh. The event can significantly change the glass market conjuncture in the United States.
According to the Packaging News published in the United Kingdom, Ardagh Group has recently acquired U.S. packaging manufacturer Leone Industries. The former used to be a family-owned business located in New Jersey. Home Glass Repair Chandler has found that the Leone family agreed to give up their glass business to Luxembourg-based Ardagh Group. As a result of the buyout, the overall market share of Ardagh Group in the American glass market will increase to 10%. It is interesting to note, that this is not the first time Ardagh Group expands through buy-outs: in 2010, the company acquired the metal can giant Impress. The metals group Boxal and Italian metals business Fi.Par were also acquired by Ardagh Group.
Home Glass Repair Chandler thinks that the acquisition of Leone Industries can produce serious effects on the structure of the glass manufacturing industry in the U.S. Before the buy-out, Leone Industries used to be the biggest family-owned glass container manufacturer in America. Leone Industries are well-known for their 100% recyclable glass containers, and their energy-efficient and “green” ideologies used to be an essential prerequisite of their continuous business success. What direction Leone Industries will follow under the guidance of Ardagh Group is yet unclear. However, it is clear that the Group will hardly stop its expansion to the American glass market. As a result, glass manufacturers working in the American industry should constantly monitor changes in the market conjuncture, to adjust their production principles, capacities and resources to the changing needs of customers.
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