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Arglass Secures Over $230 Million Investment for Second Cutting-Edge Facility

Feb 06, 2024over 1 year ago

Amount Raised

$230 Million

ValdostaBuilding MaterialManufacturing

Investors

JefferiesOrion Infrastructure Capital

Description

Arglass has secured over $230 million in capital to build a second furnace on its campus in Valdosta, Georgia. The new facility is expected to be capable of producing over 350 million sustainable glass containers annually with cutting-edge capabilities and extensive sustainability infrastructure. The construction is expected to bring 150 new jobs to the Valdosta area.

Company Information

Company

Arglass

Location

Valdosta, Georgia, United States

About

Arglass is a privately held American glass container manufacturer that was born to reinvent the industry. With a state-of-the-art facility in Valdosta, Georgia, Arglass has developed the most agile, innovative and sustainable operation in North America, capable of meeting the evolving needs of a dynamic consumer market.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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