BA Glass Acquires Vidrio Formas
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 the European company 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 exceed €1.8 billion turnover and enlarging its team to 4,800 employees with more than 15 nationalities.
Vidrio Formas is an important Mexican player, focused on the spirits and food segments with two plants located in Mexico and 125M Euros turnover in 2022.
