TricorBraun acquires glassmaker Vetroelite

Alissa Demorest

Related topics :

Be the first to react

Comment

TricorBraun acquires glassmaker Vetroelite

Italian glass manufacturer Vetroelite is changing hands. Majority-owned by private-equity firm LBO France since 2017, the company is set to join the portfolio of US-based primary packaging distributor TricorBraun this month.

The acquisition of premium Italian glassmaker Vetroelite will expand US packaging distributor TricorBraun’s presence in Europe and give it an additional foothold in the containers and stoppers markets for the wine and spirits, fine foods, olive oil and vinegar and fragrance sectors. Vetroelite has an extensive catalog of stock products as well as a bespoke offer and decoration capacities.

Vetroelite’s management team, including CEO Daniele Feletto will stay on in their roles, according to TricorBraun. The deal is set to close later this month.

This transaction marks TricorBraun’s fifth deal in the last 18 months following the acquisitions of Cormack Packaging, SGB Packaging Group, Price Container & Packaging and Packaging Solutions Inc.

Editor's picks

Fedrigoni inks partnership with former Arjowiggins China site, acquires French R&D center

Fedrigoni inks partnership with former Arjowiggins China site, acquires French R&D center

The two new deals will strengthen Italian papermaker Fedrigoni’s presence in Asia and bolster its R&D capabilities.After acquiring Spanish premium papers specialist Guarro Casas from struggling Arjowiggins late last year, Italy’s...

Univerre looks to premiumization with Crystal Spirit acquisition

Univerre looks to premiumization with Crystal Spirit acquisition

Crealis-owned Supercap bolsters cork stopper business with Portugeuse acquisitions

Crealis-owned Supercap bolsters cork stopper business with Portugeuse acquisitions

Cosfibel's new chapter: What does GPA’s acquisition mean for the French group?

Interview

Cosfibel's new chapter: What does GPA’s acquisition mean for the French group?

More articles