Arglass Secures Over $230 Million Investment for Second Cutting-Edge Facility
Feb 06, 2024•over 1 year ago
Amount Raised
$230 Million
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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