Ardagh Glass Packaging-Europe (AGP-Europe), a leading manufacturer of glass packaging for the beverage industry, has agreed to acquire Svensk Glasåtervinning (SGÅ), a major Swedish glass recycler.
The deal, expected to close in the second quarter (Q2) of 2024, will solidify AGP-Europe’s commitment to sustainable glass packaging and strengthen its presence in the Swedish market.
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This acquisition allows AGP-Europe to secure a reliable source of high-quality recycled glass cullet, a critical raw material for its low-carbon glass packaging solutions.
The deal also comes at a pivotal time for Swedish glass recycling.
Recent regulations require municipalities to take over post-consumer glass collection and introduce property-based collection systems.
AGP-Europe’s move assures that glass collected within Sweden remains within the country’s borders for use in domestic glass packaging production, furthering its circular economy goals.
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By GlobalData“Buying SGÅ is the perfect complement to our glass production in Sweden,” said Martin Petersson, CEO of AGP-Europe.
“It will protect glass recycling and ensure we continue to close the glass loop, securing the supply of recycled glass cullet – one of our most important raw materials for lower-carbon glass packaging.”
Magnus Andersson, CEO of SGÅ, added: “Ardagh knows and understands the glass industry, including glass recycling, and as a result, the glass industry in Sweden is fully supportive of the new ownership.”
The Swedish Brewery Association, a former co-owner of SGÅ, also welcomes the acquisition: “We, along with the other co-owners, are very pleased to sell to AGP-Europe. They have been crucial for the development of high-quality glass with a high ratio of recycled glass cullet,” said Anna-Karin Fondberg, its CEO.
“The next step is very important for the Swedish food and beverage sector to secure the supply of sustainable glass packaging with a relatively low CO² [carbon dioxide] footprint.”
By initiating the process to acquire SGÅ, AGP-Europe takes a significant step towards a more sustainable future for the glass packaging industry in Sweden.
