Consol Holdings has announced that its shareholders have entered into a sale and purchase agreement with the Ardagh Group, a global supplier of glass and metal packaging. Consol’s current shareholders are a private equity consortium including Brait, Old Mutual Private Equity, Sanlam Private Equity and Sphere, that acquired the business in 2007 and have continued to invest in Consol’s business growth over the past 14 years.

The Ardagh Group intends to acquire 100% of the ordinary sh...