Glass and packaging group Ardagh has reached initial agreement to acquire Verallia North America — the second largest glass container manufacturer in the US — from French multinational, Saint-Gobain for around $1.7bn (€1.27bn).

Irish glass and packaging group Ardagh has acquired the Florida-based company, Anchor Glass Container Corporation, for $880 million (€721m).

Irish glass and packaging group Ardagh has made its first foray into the US glass market via an acquisition believed to be worth more than $200m (€151m).

Ardagh Group has bought the US-based Leone Industries from the Leone family.