Vetropack Group to acquire Glass Container Company from WNISEF.

Vetropack Group, a glass packaging company, agreed to acquire Glass Container Company, a glass, ceramics & concrete company, from Western NIS Enterprise Fund, a regional fund. Financial terms were not disclosed. "With this acquisition, we continue to expand in a region with which we are very familiar – a region where we have almost three decades of glass making experience. Vetropack's unrivalled experience in the Central and Eastern Europe region makes it a natural choice to grow the existing Moldovan glassworks. Vetropack's strategy has always been to integrate its acquisitions within the wider Vetropack Group yet preserve their local characteristics and identity," Johann Reiter, Vetropack Group CEO.