Page 33 - Glass Machinery Plants & Accessories no. 4/2017
P. 33
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VIDRALA estimated turnover for 2017 ranging between EUR 130 and
135 million, and an estimated operating result, EBITDA,
VIDRALA EXECUTES ranging between EUR 32 and 34 million.
The agreed transaction price amounts to an enterprise value
LETTER OF INTENT equivalent to EUR 250 million, approximately. Said figure
could vary moderately depending on the indebtedness
FOR THE ACQUISITION effectively assumed at the transaction closing.
The execution of the definitive documents and the closing
OF SANTOS BAROSA of the transaction are expected to take place during the
third quarter of 2017.
Vidrala, S.A. has executed a letter of intent Vidrala’s board of directors and the management
for the acquisition of a controlling stake in the team have been admiring for years the quality of the
Portuguese company Santos Barosa Vidros. business developed by Santos Barosa, grounded in
The eventual acquisition remains subject modern manufacturing facilities and solid commercial
to the conduction of the relevant legal and relationships with their clients. Vidrala has shown
financial reviews, as well as to the execution capacity for the integration of
of the corresponding transaction agreements. companies within the group,
In addition, the closing of the transaction will fostering their respective
be conditioned upon the approval by the relevant positionings, promoting customer
antitrust authorities. satisfaction and contributing
Santos Barosa manufactures and sells glass to their local futures through
containers and owns a major production facility its proved expertise in the glass
located in Marinha Grande, Portugal. The company packaging business and its strongly
produces around 400,000 glass tons per year, with an industrial long-term vision.
Making good wine
is pure art;
have you ever thought
about glass the same way?
> ANNEALING LEHRS
> DECORATING LEHRS
> TOUGHENING LEHRS
> STACKERS
> CROSS CONVEYORS
> HOT GLASS SCRAPERS
> MOULD PRE-HEATING OVENS
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