Vidrala announces that it has reached an agreement with Verallia to sell its Italian subsidiary, Vidrala Italia S.r.l.
Vidrala Italia consists of a single production plant located in the north of Italy, from where it supplies approximately 3% of the demand for glass containers for food and beverages in Italy.
The divestment follows a thorough strategic reflection. It will allow the Vidrala Group to refocus on strategic regions and capture the opportunity to realise the value created in Italy. Verallia has a long-standing presence in the Italian market and the acquisition of our business will enable them to expand their product offering to the benefit of customers.
The closing of the transaction is subject to obtaining the customary approvals, including from the Italian antitrust authorities.
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