Verallia Acquires Vidrala's Glass Business in Italy (Corsico Plant)
July 4, 2024
Verallia has completed the acquisition of Vidrala's glass business in Italy, including the Corsico plant near Milan, for an enterprise value of €230 million. The Corsico facility (225 kt/year capacity, two furnaces) and nearly 200 employees will expand Verallia's production footprint and glass packaging offerings for the food, beer and spirits markets in Italy.
- Buyers
- Verallia
- Targets
- Vidrala (Italian glass business - Corsico plant)
- Sellers
- Vidrala
- Industry
- Packaging
- Location
- Lombardy, Italy
- Transaction Type
- Divestiture
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