BA Vidro has announced an agreement to acquire 80% of Warta Glass Group, a Polish glass packaging company headquartered in Pozna?.

The remaining 20% will stay in the hands of current owner Wojciech Pawlowski, who will remain as Chairman of the supervisory board. Carlos Moreira da Silva, Chairman of BA Vidro will also join the supervisory board of Warta Glass.

The transaction involves the acquisition of the two Polish plants, with 280,000 tons of annual capacity and four furnaces. The company specialises in the production of bottles and food jars, and has a market share of 46% and 20% respectively in those segments.

“It is very hopeful that this acquisition will be the springboard for a consistent growth of the group in Eastern Europe and with this new platform, BA Vitro will be better positioned to serve our current international customer base,” says Sandra Santos, the Chief Financial Officer (CFO) of BA Vitro, who led the negotiations.