Posted: Friday, January 20, 2012 3:36 pm

The metals and glass group, Ardagh Packaging, has announced that is in advanced talks over two new buy-outs. The Group previously revealed it's proposal to add the Boxal group of companies to it's portfolio, it is is now in talks with two further unidentified businesses. 

Last year the Group entered into talks to acquire the Boxal group of companies  in a transaction involving a total consideration of approximately €85 million. Boxal is an aluminium container manufacturer supplying aerosols and bottles to industries including cosmetics, pharmaceutical, food and beverages. The Boxal Acquisition is subject to certain closing conditions. 

In addition to the Boxal Acquisition, the Group are presently in advanced discussions with the relevant vendors for the potential acquisitions of two other unrelated businesses which are active in the sectors in which Ardagh operates. 

The Group are also in discussions with a large financial institution in connection with the establishment of a new trade receivable securisation program for up to €150million.