Exal Sells Its European Operations to Ardaugh Group

Stonebridge Fund IV portfolio company, Exal Corporation, announced the closing of the sale of its European operations to Ardaugh Group on February 28, 2012 for aggregate value exceeding $110 million. The sale included can manufacturing plants in France, the Netherlands and Hungary, as well as a joint venture slug plant based in France. Proceeds from the sale will be…

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