Announced
Financials
Tags
Acquisition
Pending
Containers & Packaging
Containers and Packaging
Majority
Belgium
Friendly
Private
Single Bidder
Synopsis
Saverglass, a manufacturer specializing in the production and decoration of luxury and high-end glass bottles for the wine and spirits industry, agreed to acquire Md Verre, a subsidiary of the Spanish group Vidrala, which manufactures glass bottles and markets them throughout Europe. Financial terms were not disclosed. “With the commissioning of a powerful new ultra-modern plant in Guadalajara, Mexico in June 2018, Saverglass significantly enlarged its footprint on the American continent, leading to consolidated sales this year that have topped the symbolic milestone of $550m,” Régis Maillet, Saverglass Group Marketing Director.
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