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CVC Capital Partners announced today that funds advised by CVC have agreed to acquire Anchor Glass Container Corporation in partnership with BA Glass, a leading European manufacturer of glass containers.

Headquartered in Tampa, Florida, Anchor is one of the leading producers of glass packaging in the United States, focusing on the growing, premium specialty segment of the market. Anchor has long-standing relationships with blue chip companies across the beer, liquor, food, beverage, ready-to-drink and consumer end-markets. The Company operates six manufacturing facilities located in Florida, Georgia, Indiana, Minnesota, New York and Oklahoma, in addition to an engineering and spare parts facility in Illinois and a mold design and manufacturing facility in Ohio. The Company’s 11 furnaces and 31 machines produce almost 5 billion glass containers annually.

Thomas Kichler, Partner and US Head of Industrials and Energy at CVC, said: "Anchor is a high quality business, with a talented leadership team, and we are very excited to partner with Jim Fredlake and his team. Together with our partners at BA Glass, we look forward to supporting Anchor's growth as it continues to capitalize on market opportunities."

Carlos Moreira da Silva, Chairman of BA Glass, added: "Anchor is an outstanding industry player, with a strong position in the highly attractive US market. We are very excited to work with management and CVC to further enhance Anchor's existing successes."

Jim Fredlake, CEO of Anchor, commented: "We are delighted to be working with CVC and BA Glass going forward. The combination of BA Glass's manufacturing expertise and CVC's global network and industry knowledge will be invaluable to us as we enter the next phase of development."

Morgan Stanley and Citi acted as lead financial advisors to CVC and BA Glass. Credit Suisse, Citigroup Global Markets Inc. and Morgan Stanley provided committed debt financing to CVC and BA Glass. Baker & McKenzie acted as legal counsel to CVC and BA Glass.

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All figures shown are as of 31 March 2022 unless otherwise indicated