Verallia Italia has sold its Algerian operations, Alver, to the Algerian company Condor Electronics.
Alver is located in Oran and has operated as a Verallia subsidiary since 2011. It employs 360 people.
Its two continuous-fire furnaces produce glass bottles and jars for Algeria’s food and beverages market.
Condor Electronics primarily operates on the electronics, automotive and renewables sector. The group employs 15,000 employees and has locations in 16 countries.
"Condor Electronics is part of as dynamic internationally-focused Algerian industrial group which will provide Alver with an environment to pursue its manufacturing project,” stated Marco Ravasi, chief executive of Verallia Italia.