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US trade body opposes proposed Ardagh purchase of Verallia North America

July 02, 2013

The FTC said Monday the deal would reduce competition and result in the merged company and rival Owens-Illinois Inc. controlling more than 75% of the U.S. markets for glass containers for beer and liquor customers. Industry leader Owens-Illinois, Saint-Gobain Containers and Ardagh dominate the $5 billion US market for glass containers