Orora to acquire Saverglass from Carlyle for $1.4bn.

Orora, a packaging manufacturer, agreed to acquire Saverglass, a specialist manufacturer of high-quality glass bottles, from Carlyle, a private equity, alternative asset management and financial services corporation, for $1.4bn. “Having worked with Saverglass for almost 40 years, I am delighted at the prospect of a new shareholder for the Group and its employees. It will enable Saverglass to continue implementing its strategy of investment and successful innovation for the benefit of its customers, which underpins the exceptional bonds of cooperation and trust built up with them. The deal also marks an exciting new chapter for the business, in which it can build on its strong heritage and unlock new opportunities to develop the ethical values on which the Saverglass community is founded," Loïc Quentin de Gromard, Saverglass Chairman.