Global packaging leader TricorBraun announced today that it has entered into an agreement to acquire premium glass packaging supplier Vetroelite from LBO France. The acquisition strengthens TricorBraun’s European presence and continues the company’s global expansion.
Founded in 1994, Vetroelite provides premium glass packaging solutions for the fast-growing spirits, gourmet food, home fragrances, wine, and cosmetics industries. Vetroelite has a worldwide presence, operating from multiple locations across Europe and North America, and serving customers in 90 countries.
“We are very pleased to expand our European presence with the acquisition of Vetroelite,” said Court Carruthers, president and CEO, TricorBraun. “The Vetroelite team has established a strong reputation for high-quality, innovative packaging solutions, fueled by deep expertise and dedicated customer service. We are proud to welcome Vetroelite to the TricorBraun family, and look forward to supporting Vetroelite’s continued growth.”
All Vetroelite team members, including CEO Daniele Feletto and the company’s leadership team, will remain with TricorBraun and continue to work out of the company’s existing locations. Effective with the closing of the transaction, Vetroelite will operate as Vetroelite, a TricorBraun company.
“At Vetroelite, our commitment to providing customers with innovative, distinctive, and high-quality glass packaging drives everything we do,” said Daniele Feletto, CEO, Vetroelite. “We know TricorBraun shares that same passion and purpose, and we are delighted to join such a respected packaging leader.”
LBO France acquired Vetroelite in 2017 and since then, has provided significant investment and management support, resulting in Vetroelite’s consistent and substantial growth.
Since its founding, TricorBraun has partnered with management teams to successfully acquire and further accelerate growth for nearly 30 packaging companies. Vetroelite will mark TricorBraun’s fourth acquisition this year.
The transaction is expected to close later this month.
22.10.2021, Tricorbraun
Notícias sobre o material do site é copyright e pertence à empresa ou ao seu fornecedor de terceiros notícia, e todos os direitos reservados. Qualquer usuário que acessa esse material poderá fazê-lo apenas para seu próprio uso pessoal, bem como a utilização desse material é de risco exclusivo do Utilizador. A redistribuição ou exploração comercial de material tal notícia é expressamente proibida. Se tal notícia material é fornecido por um terceiro, cada utilizador concorda em observar e estar vinculado aos termos específicos de utilização aplicáveis a material notícia. Nós não representamos nem endossamos a precisão ou confiabilidade de qualquer informação contida em qualquer notícia ou sites externos referidos na notícia.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.