Verallia Completes the Acquisition of Allied Glass, a Market Leader in the UK Premium Glass Packaging Segment
9 November 2022
the leading European and the world’s third largest producer of glass containers for food and beverages, has completed today the acquisition of 100% of the capital of Allied Glass. The Group had announced on November 2nd the signature of a binding agreement with an affiliate of Sun European Partners LLP for the acquisition of Allied Glass.
The acquisition of Allied Glass, a strategic step in Verallia’s external growth, enables the Group to penetrate the UK market.
Headquartered in Leeds, Allied Glass is a leading player in the premium glass packaging market in the United Kingdom, where it generates over 95% of its revenues, with 4 furnaces located in West Yorkshire and around 600 employees.
At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world’s most sustainable packaging material. We work in common cause with our customers, suppliers and other partners across the value chain to develop new healthy and sustainable solutions for all. With around 10,000 people and 32 glass production facilities in 11 countries, we are the leading European and the third largest producer globally of glass containers for food and beverages, providing innovative, customized and environmentally friendly solutions to more than 10,000 businesses around the world. Verallia produced more than 16 billion bottles and jars and achieved revenues of €2.7 billion in 2021. Verallia is listed on compartment A of the Euronext Paris stock exchange (Ticker: VRLA – ISIN: FR0013447729) and belongs to the SBF 120, CAC Mid 60, CAC Mid & Small et CAC All-Tradable indexes. For more information: www.verallia.com.
Certain information included in this press release does not constitute historical data but constitutes forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies (including the successful integration of Allied Glass within the Group) and the environment in which Verallia operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include those discussed or identified under Chapter 3 "Risk Factors" in the Universal Registration Document filed with the AMF on 29 March 2022 under number D.22-0188 and available on the Company's website (www.verallia.com) and the AMF's website. These forward-looking information and statements are not guarantees of future performances.
This press release includes only summary information and does not purport to be comprehensive. No reliance should be placed on the accuracy or completeness of the information or opinions contained in this press release.
Information related to Allied Glass included in this press release were furnished by Allied Glass to Verallia in connection with the acquisition described herein. Financial information related to Allied Glass have been neither audited nor reviewed by Verallia's auditors.
This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.
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