Verallia Has Entered Into an Agreement to Acquire Vidrala's Glass Business in Italy

PARIS–(BUSINESS WIRE)–Regulatory News: With this acquisition, Verallia (Paris:VRLA), one of Europe’s main producers of glass packaging for beverages and food products, would expand its capabilities in the Italian market, where the Group would operate 7 production sites. Consideration for the transaction amounts to €230 million in enterprise value and will be financed by external debt. In the words of Patrice Lucas, Chief Executive Officer, Verallia: “This transaction is in line with our strat

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