Portuguese container manufacturer BA Vidro has confirmed the acquisition of German packaging group, HNG Global.
BA Vidro said the acquisition of the Gardelegen site near Berlin allows it to expand its market into Central Europe.
“It will add it to our current portfolio of sales in the largest European market,” it said. “This new plant allows us to create synergies between operations and improves the service to our international customer base, while increasing our understanding of the market.”
HNG Global was the German arm of Indian group Hindusthan National Glass and Industries (HNG) and owned by the Somany family. It sold HNG Global in July for approximately $26 million or €23 million.
HNG Global was founded in 2008 as Agenda Glas and makes container glass mainly for the German market. It caters to the beverages and food industry.
The BA Vidro group now comprises of eight factories and has a daily production of more than 14 million units - bottles and jars - for customers operating in the food and beverage industries.