CANPACK and BA Glass Agree on the Transfer of Polish Glass Business
CANPACK Group has entered into a definitive agreement to transfer its operations in Poland to BA Glass. The plant located in Orzesze will be incorporated into the existing glass operations of BA Glass in Poland where company operates two plants located in Sierakow and Jedlice. The agreement is pending customary merger control approval from the Polish competition authority and is anticipated to be completed during the first half of 2024.
Marius Croitoru, CANPACK Group CEO stated: “CP Glass is a strong niche manufacturer of glass bottles for beverages, and we are confident that our CP Glass operations and team will find a new home with BA Glass, one of the world leaders in the manufacture of glass packaging. With this sale, CANPACK Group will continue to focus its resources on its core businesses.”
Sandra Santos BA Glass CEO remarked that “BA is delighted with the opportunity to increase its industrial footprint in Poland. We are strongly committed with the Polish market since our entry in 2012 and this transaction is the proof of it.”
BA Glass is the fourth largest glass packaging producer in the world, having more than 5,000 employees worldwide. It operates plants in Portugal (3), Spain (2), Germany (1), Poland (2), Bulgaria (2), Romania (1), Greece (1) and Mexico (2) where it recently acquired Vidrio Formas.
Ms Santos was interviewed in the latest issue of Glass Worldwide (https://www.glassworldwide.co.uk/Articles/exclusive-ba-glass-interview)
