# Verallia to acquire Vidrala's Italian glass business for €230M

Verallia has agreed to acquire Vidrala's Italian glass container business, with its single site in Corsico near Milan, for €230 million enterprise value, financed by external debt; completion is expected in Q2 or Q3 2024.

- Type: Acquisition
- Announced: 2024-02-28
- Where: Corsico, near Milan, Italy
- Value: $248.0M (230.0M EUR)
- Status: announced
- Products: glass containers for food and beverage
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Verallia](https://endata.com/companies/7669.md) (acquirer)
- [Vidrala](https://endata.com/companies/9211.md) (partner)

## Sources

- [verallia.com](https://www.verallia.com/en/communique-de-presse/agreement-vidrala-italy-acquisition/), 2024-02-28: "Consideration for the transaction amounts to €230 million in enterprise value and will be financed by external debt."
- [formesdeluxe.com](https://www.formesdeluxe.com/strategy/mergers-and-acquisitions/5/), 2024-05-30: "With the acquisition of Spain-based Vidrala's glass business in Italy, French glassmaker Verallia will operate seven sites in the country."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.