Ardagh Metal Packaging S.A. and Gores Holdings V Announce Completion of Business Combination
Summary
"We are delighted to have completed our combination with Gores Holdings V. Over the past five years, our business has grown its position as one of the worlds leading beverage can producers, through our agility and foresight in tapping into emerging consumer and market trends," said Oliver Graham, CEO of AMP. As a standalone public company, AMP is well-positioned to strengthen its market leadership as it capitalizes on its significant expansion opportunities amid favorable sustainable product demand dynamics. "AMPs relentless focus on product innovation and meeting customers needs have driven its rapid success to-date, uniquely positioning it as one of the industrys only scaled companies," said Mark Stone, Senior Managing Director of The Gores Group and CEO of Gores Holdings V. "Consumers around the world continue to become increasingly environmentally-conscious, and AMPs entry into the public markets will solidify its leadership position as it delivers highly differentiated, 100% sustainable products to a global customer base." Ardagh Group (NYSE: ARD) is a leading global supplier of infinitely recyclable, sustainable metal and glass packaging solutions for brand owners around the world. Founded in 1987, The Gores Group is a global investment firm focused on partnering with differentiated businesses that can benefit from the extensive industry knowledge and decades long experience.