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Verallia: acquires Vidrala's activities in Italy

( - Verallia announces that it has reached an agreement to acquire Vidrala's glass activities in Italy, a transaction worth E230m in enterprise value, to be financed through external debt.

Vidrala's Italian subsidiary operates from a two-furnace production site in Corsico, near Milan. In 2023, the company generated sales of E131m and EBITDA of E33m.

With this acquisition, Verallia would operate seven production sites in Italy. The transaction, which is subject to approval by the Italian authorities, is expected to be finalised between Q2 and Q3 2024.

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