Bormioli Rocco sold to two buyers

  

Italian glass manufacturer Bormioli Rocco has been sold to two different buyers.

Its tableware business will be sold to Bormioli Luigi glass container manufacturer while its pharma unit to Triton private equity firm.

Bormioli Rocco’s majority stakeholder, Vision Capital, acquired the business in 2011 from Banco Popolare.

Vision already sold Bormioli’s cosmetics division in December 2013 to Austrian Stölzle Glass Group and Bormioli’s food and beverage division to Swiss Vetropack Holding in June 2015. 

Bormioli had announced a reorganisation of the business in four different units in April 2014.

Julian Mash, CEO of Vision Capital, said: "Through Vision Capital's active ownership, along with Bormioli management, we have executed a well‐defined strategic plan and delivered strong financial growth, resulting in both the Pharma and Tableware businesses achieving record profitability in 2016.

"We are confident the two units will continue to flourish under the ownership of Triton and Luigi Bormioli."