Glass manufacturing, filling, and logistics company Encirc has been acquired by Spanish company Vidrala, in a deal reported by the BBC to be worth 408.6m euros (£316.3m).
Encirc, which employs 1200 people across its two sites in Elton, Cheshire and Derrylin, Northern Ireland, will retain its identity and remain under the leadership of MD Adrian Curry.
Encirc is the UK’s only glass manufacturer to offer both filling and logistics services to clients. It produces more than 6.5 million glass bottles and other containers daily, and fills more than four million litres of bulk shipped beverages each week.
“Vidrala has a sizeable presence in Europe and has committed to supporting Encirc’s continued development and investment,” said Curry. “This will ensure that the business will continue to grow, innovate, maintain and enhance its market-leading position to the benefit of Encirc’s employees, customers, suppliers and local communities alike.”
“This integration will enhance the resulting group’s position in the European glass packaging market,” said Gorka Schmitt, CEO of Vidrala. “Encirc has demonstrated a solid market share in recent years thanks to the engagement of its employees, its modern facilities, competitiveness and strong customer relationships. Vidrala has demonstrated capabilities in the integration of companies within its group, promoting their respective local footprints, developing industrial sites, adding its well proven expertise in the glass packaging business and improving customer satisfaction.”
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