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. 

Encirc, the new brand name given to Quinn Glass in May, reportedly has contracts with Diageo and Britvic