(Boursier.com) — Veralia European leader and world’s third largest producer of glass packaging for beverages and food products, has signed a firm agreement with a subsidiary of Sun European Partners LLP to acquire Allied Glass, a leader in the segment of premium glass packaging in the UK, specializing in the spirits market.
With over 150 years of expertise in the glass industry, both groups share the same core values – including customer focus and teamwork – that drive and guide their businesses.
With this acquisition, Verallia intends to benefit from Allied Glass’ expertise in the production of premium glass bottles, particularly in the Scotch Whiskey and Gin sectors, and leverage its established position in the UK market.
This transaction will allow Allied Glass to integrate an international group, European leader in glass packaging for the beverage and food sector, and to leverage its expertise and long-term vision.
Allied Glass, leader in the premium glass market
Based in Leeds, Allied Glass is a leading player in the premium glass packaging market in the UK, where it generates more than 95% of its turnover, thanks to four furnaces located in West Yorkshire and over 600 employees.
Benefiting from state-of-the-art extra-white, exclusive color and decoration technologies, Allied Glass designs, develops and manufactures glass packaging, paying particular attention to sustainability issues by implementing a CSR policy accompanied by well-defined objectives in all fields and using cullet as the main material of all its products.
Allied Glass maintains privileged relationships with a diversified clientele, made up of renowned, traditional and emerging brands, in a partnership approach focused on the development of new products. Allied Glass is led by an experienced management team that has been able to increase the profitability of its business over the past few years.
Allied Glass had sales of £138 million in the financial year ending December 2021, with that figure estimated to be over £150 million for 2022.
This acquisition will have an accretive impact on Verallia’s adjusted EBITDA margin thanks to the excellent performance of Allied Glass and the significant potential for synergies between the two activities.