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
此网站新闻材料的版权属于公司或第三方的新闻提供者，其所有权利保留。所有新闻材料对其访问者只能限于其本人使用，并且使用此材料的风险由其使用者独自自行承担。严禁对新闻材料进行再次发布和其它商业利用. 作为商业贸易的用途。如果新闻材料由第三方提供，当应用此新闻材料时，每个使用者都同意遵守，并且受此特定的项目的约束。Glass Global并不代表及认可新闻材料中所包含的内容及新闻中的外部网站的内容的准确性及可靠性。
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.