BA Glass has taken a significant step forward in its international expansion through the signing of an agreement to acquire a majority stake in the Mexican glass packaging producer Vidrio Formas. This strategic move allows BA Glass to expand its presence into a new country and continent and opens exciting opportunities and challenges for the years ahead.
With this acquisition, BA Glass strengthens its position in the glass packaging industry, increasing its international presence and leveraging the industrial and commercial capabilities of the Group to develop and enhance Vidrio Formas industrial platform. The transaction is expected to close by year-end once the required authorizations are obtained.
Sandra Santos, BA Glass Group CEO, expressed the enthusiasm of both teams in being part of a common project, joining the best knowledge and experience of both companies. “The most relevant assets of any company are its people and customers, and we found many of those in Vidrio Formas,” she said.
This movement is a strong step on BA Glass’ commitment to its growth roadmap and its determination to increase its successful operations on a global scale. After this acquisition, BA Glass will overcome EUR 1,8 billion of turnover and EUR 600 million of EBITDA enlarging its team to 4,800 employees with more than 15 nationalities.
BA Glass is the fourth largest glass packaging producer in the world, serving the food and beverage markets with 12 plants located in Europe, an annual production of over 10 billion of glass and jars and sales over EUR 1,5 billion in 2022.
Vidrio Formas is a relevant Mexican player, focused on the spirits and food segments with 2 plants located in Mexico and EUR 125 million turnover in 2022.