Ardagh Glass has recorded a 150% in pre-tax profit to £34.4M for the first quarter of the financial year. The Irish-owned firm's sales doubled to £248.6M, boosted by the acquisition of Rexam's glass operations last year, according to a report in the Irish Independent. Its earnings before interest, tax, depreciation and amortisation rose to 63.1M Euros. Ardagh Glass is one of the largest European glass manufacturers following the 660M Euros acquisition in June 2007. It has 22 plants across the continent. It has been heavily involved in projects to lightweight bottles and in January announced a three-year 450M Euros investment plan. Ardagh is also one of the firms to be tipped as a possible purchaser of Saint Gobain's glass packaging operation.
