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New Deal


Announced

Verallia to acquire Allied Glass from Sun European Partners for £315m.

Financials

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Transaction Value£315m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Friendly

Glass

glass manufacturer

United Kingdom

Majority

Cross Border

Private

Private Equity

Pending

Synopsis

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Verallia, a producer of glass containers for food and beverages, agreed to acquire Allied Glass, a manufacturer of glass for the drinks industry, from Sun European Partners, a private equity firm, for £315m. “This acquisition of Allied Glass is fully in line with our strategy which is to accelerate our investments in key markets while leveraging our industrial, technological and management expertise to generate synergies. I am convinced that Verallia and Allied Glass have an outstanding fit as we share common vision and values. This is a great milestone too, as the Group will be present on the UK market, I am confident that this combination will create sustainable value for customers, employees and shareholders. Finally, I am delighted to welcome Alan Henderson in the Executive Committee team of Verallia,” Patrice Lucas, Verallia CEO.

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