Portugal’s BA Vidro has bought Romanian glass packaging manufacturer Stirom.
Based in Bucharest (pictured), Stirom was founded in 1968.
In 2003 it was acquired by Yioula Glassworks, a Greek company with six other glass plants throughout Greece, Bulgaria and Ukraine.
This latest acquisition by BA Vidro follows on from its recent purchase of the HNG Global factory in Germany.
BA Vidro now owns eight factories throughout Europe, based in Portugal, Spain and Germany.
The acquisition of Stirom, which posted an 18% growth in revenue for the first six months of the year, will bring the company’s total to nine plants.
This purchase is subject to approval from the Competition Council, and is for an undisclosed sum.
It is expected that the transaction will be complete by the end of 2016.
