CVC Capital Partners is buying bottle packaging company Anchor Glass Container Corp. from KPS Capital Partners LP. The deal, worth more than $1 billion, is part of a partnership with BA Glass, a maker of glass containers.

Anchor Glass, headquartered in Tampa, Florida, is a U.S. manufacturer of glass packaging. The target services blue chip companies covering the beer, food and beverage, liquor, and ready-to-drink products. Anchor Glass has six manufacturing facilities, 11 furnaces, and 31 machines that help produce nearly 5 billion glass containers a year.

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