Canpack Group has entered into an agreement with BA Glass to transfer its CP Glass operations in Poland.
The CP Glass plant, located in Orzesze, will be incorporated into the existing glass operations of BA Glass in Poland, where BA operates two plants located in Sierakow and Jedlice.
The parties are committed to ensure a smooth transition of the CP Glass operations and employees into the BA Glass organisation in Poland.
This agreement, which is pending customary merger control approval from the Polish competition authority and other customary closing formalities, is anticipated to be completed during the first half of 2024.
Marius Croitoru, Canpack Group CEO said: “CP Glass is a strong niche manufacturer of glass bottles for beverages, and we are confident that our CP Glass operations and team will find a new home with BA Glass, one of the world leaders in the manufacture of glass packaging.
"With this sale, Canpack Group will continue to focus its resources on its core businesses.”
Sandra Santos, BA Glass CEO, said: “BA is delighted with the opportunity to increase its industrial footprint in Poland. We are strongly committed with the Polish market since our entry in 2012 and this transaction is the proof of it.”
Headquartered in Krakow, Poland, Canpack Group employs approximately 9,000 people globally and has operations in 16 countries.