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January 15, 2013
Saint-Gobain Sells U.S. Jar Unit to Ardagh for $1.7 Billion
Saint-Gobain is exiting packaging to focus on homebuilding and renovation products, glass used in cars and construction, and high-performance materials such as refractories. Closely- held Ardagh, a Luxembourg-based glass and metal packaging company said the deal will increase its glass business globally by almost 60 percent and help winning new clients in the U.S. wine industry