Vidrala

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.

Spanish glass container maker Vidrala acquired the remaining 70.7% of Brazil's Vidroporto for EUR 384 million, after an earlier purchase of 29.3% for EUR 53 million, valuing the company at EUR 543 million. Vidroporto operates a plant in Porto Ferreira, São Paulo.

Encirc, the UK subsidiary of Vidrala, completed its purchase of the 'The Park' bottling and logistics site in Bristol from Accolade Wines for GBP 30 million, on the terms agreed in November 2022. A long-term glass supply contract with Accolade accompanies the deal.

Encirc, a Vidrala company, and Diageo announced a hydrogen-powered hybrid glass furnace at Encirc's Elton plant in Cheshire, to be fully operational by 2027. It aims to produce up to 200 million net zero bottles annually by 2030.

Vidrala is investing £75 million in a national distribution hub for the UK and European beverages industry, to be used by parent subsidiary Encirc, as reported in May 2022.

Encirc, part of Vidrala, extended its partnership with Britvic to manufacture and fill Robinsons 500ml glass cordial bottles at its Elton, Cheshire site for at least three years, announced May 2022.