Exal Corporation sells Exal Packaging SA to Queruclor Group
The sale which was completed, allows Exal to focus resources on its existing can making facilities in North and South America and also on its recent merger announcement with the Ardagh Group to form the new Trivium Packaging joint venture.
Exal's parent, the Ontario Teachers' Pension Plan will control a 57% stake in Trivium.
Completion of the Trivium transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2019. ■