Verallia

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.

Verallia is building a second furnace at its Campo Bom glass container plant in Rio Grande do Sul, Brazil, at a total investment of €80 million. Construction is expected to start in March 2023 and take about eight months.

French container maker Verallia acquired UK glass packaging manufacturer Allied Glass. The article gives the deal value as GBP 315 million in the body, while its headline says GBP 350 million.

Verallia will invest R$500 million to expand its glass container plant in Campo Bom, Rio Grande do Sul, adding a new furnace that raises capacity to 1.3 million pieces per day from late 2023. The project is expected to create about 140 direct jobs.

Verallia will invest €60 million in its Jacutinga plant in Minas Gerais, Brazil, adding a new furnace that more than doubles glass packaging production capacity. The announcement was dated 1 March 2021.

Earlier in 2021 Verallia announced an expansion of its Jacutinga plant in Minas Gerais with an investment of R$370 million. The exact announcement date is not given.