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Ardagh acquires Boxal from Exal for €85m

PACKAGING firm Ardagh has agreed to purchase the Boxal group of companies from Exal Corporation in a deal worth an estimated €85m.

Boxal, which has manufacuting plants in countries like France and the Netherlands, makes aluminium containers and supplies aerosols and bottles to the cosmetic, pharmaceutical, food and drink industries.

Ardagh has 88 plants around the globe employing 14,000 people.

It has annual sales of over €3.2bn.