The resulting company, which will be called Ardagh Metal Packaging (AMP) will go on to raise a further $600 million from equity investors and $2.65 billion in debt. Both metal and glass packaging businesses are benefitting from an ongoing shift away from plastic packaging. Ardagh spun its and specialty cans business into a joint venture, called Trivium Packaging, in late 2019. TrendsThe chief executive of Ardagh’s metal packaging business, Oliver Graham, will be CEO of AMP, while Mr Coulson will serve as chairman. “Ardagh Metal Packaging is benefiting from long-term megatrends, including sustainability and changing consumer preferences,” said Mr Coulson.

Source: The Irish Times February 23, 2021 11:48 UTC