Probe shows how big a player group has become
Through a series of significant acquisitions, the company has been propelled to the top rankings of its sector internationally.
The Irish-owned group entered the US market through two acquisitions. It first bought privately-held Leone Industries, which was a small, single-plant container producer based in New Jersey.
Shortly after, it paid about $880m (then €721m) to buy Anchor Glass, the third-largest glass container producer in the US.
Even without the Verallia acquisition, Ardagh racked up sales of €4.1bn in 2012 and earnings before interest, tax, depreciation and amortisation (EBITDA) of €679m. It employs 18,000 people at more than 120 facilities in 26 countries. The acquisition of Verallia would add 4,000 employees and another €1.2bn in annual sales.
Some analysts expect that the FTC is simply using its complaint as a bargaining chip. Analyst Philip Ng at Jefferies speculated yesterday that it's a "negotiating process" being used by the FTC. The FTC has told Ardagh and Saint-Gobain that they have 14 days to answer its complaint.