Egypt’s Kandil Glass has acquired compatriot Cleopatra Glass Factory and expanded its capacity.
It signed an acquisition agreement with tableware manufacturer Cleopatra Glass Factory to increase daily production from 410 to 490 tons/day.
Kandil said the agreement will help it achieve its strategic goal of market leadership and production expansion.
Kandil Glass is focused on glass packaging for food and beverages, cosmetics, and tableware and was founded in 2005 in Egypt.
It is part of Kandil Industries which started in the Egyptian market in 1856.
Kandil believes its talented employees are the most significant asset.
With this agreement, it has increased its manpower with more than 340 personnel to reach 1370 in total.
"The acquisition of Cleopatra is a valuable addition to our tableware products as Cleopatra has considerable experience in this field," the company said.
Kandil has been rock-solid to the Egyptian glass industry that emerged from Egypt to cover different territories in Europe, North America, The Middle East and Asia.
About 60% of Kandil Glass production is exported globally, with the majority sent to the European and US markets.
It said: "Kandil has lavished the glass industry with fine-quality glass packaging products for decades contributing immensely to the food and beverage sector, sustaining customer satisfaction, and building reliable partnerships with local and global customers.
"Kandil is now deploying invaluable experience to leave its mark on the wine and spirits packaging industry."
Cleopatra Glass Factory is based in the 10th of Ramadan City, Egypt.