Vidrala completes EUR408m deal for Encirc
Spanish glass bottle producer Vidrala has acquired Encirc, the former Quinn Glass operations in Ireland and the UK, for EUR408.6m (US$482.6m).
In a statement today, the Aventas Manufacturing Group, which owns Encirc, said the deal has been completed following a "comprehensive sale process, which attracted very considerable interest". Rumours that Vidrala was the preferred bidder surfaced earlier this week.
Paul O'Brien, Aventas' CEO, said: "We are pleased to have completed the sale to Vidrala, a company with the ability and expertise to continue to invest in Encirc, which has acquired an international reputation for both product quality and service excellence."
The deal involves Encirc's manufacturing plants in Derrylin, Northern Ireland and Elton, England as well as a filling operation at Elton.
- Interview - Pernod Ricard's luxury director
- What's coming up in wine in 2017? - Comment
- Chile's winemakers caught out by Brexit "disease"
- The just-drinks Analyst - 2017 forecasts
- The Cognac Category - Everything you need to know
- Diageo Australia names new commercial head
- Edrington readies Americas, GTR exec switches
- High-end Cognac making recovery in China - Pernod
- "Beer and weed are complements" - analyst
- Suntory sends staff to fat camp - report
- The Next Seven Big Beverage Markets
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Darker Than Before: Global Prospects for Brown Spirits
- Global gin insights - market forecasts, product innovation and consumer trends