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

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.