BA Glass Expands Global Footprint with Acquisition of Vidrio Formas
BA Glass, a leading player in the glass packaging industry, takes a significant stride in its international expansion with the acquisition of a majority stake in Vidrio Formas, a prominent Mexican glass packaging producer. This strategic move propels BA Glass into a new country and continent, unlocking a world of exciting opportunities and challenges that lie ahead.
Strengthening Position, Enhancing Capabilities
With this acquisition, BA Glass solidifies its position in the industry while bolstering its international presence. By leveraging the Group’s industrial and commercial capabilities, BA Glass aims to develop and enhance Vidrio Formas’ industrial platform. The transaction, subject to necessary authorizations, is anticipated to be finalized by year-end.
Uniting Expertise, Fostering Growth
Sandra Santos, CEO of BA Glass Group, expressed the enthusiasm of both teams in embarking on this shared journey, combining the best knowledge and experience of both companies. Recognizing that people and customers are the most valuable assets of any organization, Santos highlighted the abundant talent and loyal customer base within Vidrio Formas.
Commitment to Global Success
This strategic move reaffirms BA Glass’ commitment to its growth roadmap and its unwavering determination to expand its successful operations on a global scale. Following the acquisition, BA Glass is poised to surpass EUR 1.8 billion in turnover and EUR 600 million in EBITDA. With an expanded team of 4,800 employees representing over 15 nationalities, BA Glass solidifies its position as the fourth largest glass packaging producer in the world.
A Global Force in the Industry
BA Glass, with its 12 plants located in Europe, continues to serve the food and beverage markets with distinction. Boasting an impressive annual production of over 10 billion glass bottles and jars, the company achieved sales exceeding EUR 1.5 billion in 2022.
Vidrio Formas: A Key Player in the Mexican Market
Vidrio Formas, a notable player in the Mexican glass packaging industry, focuses on serving the spirits and food segments. With two plants located in Mexico and a turnover of EUR 125 million in 2022, the company has established a strong presence in its home market.
As BA Glass expands its global reach through the acquisition of Vidrio Formas, the stage is set for a compelling journey of growth, innovation, and enhanced customer satisfaction. Together, these industry leaders forge a path toward an even brighter future in the glass packaging industry.
Source: BA Glass with additional information added by GlassBalkan
