French glass packager Verallia is to acquire Allied Glass in a £315 million agreement.
Established in 1874 and headquartered in Leeds, Allied is a UK-based manufacturer of glass packaging containers for the premium spirits, food and drinks markets.
It has four furnaces and 600 employees.
It has modern extra-white, bespoke colour and decoration capability, with a strong focus on sustainability, based on an ESG policy with clear targets across all areas and a market leading use of cullet across all products.
It has been an affiliate of Sun European Partners private investment firm since December 2019.
Allied Glass generated revenue of £138 million in the fiscal year ended December 2021 and over £150 million revenue are estimated for 2022.
Alan Henderson, CEO of Allied Glass, added: “Our partnership with the Sun European team has been a great success, and today Allied Glass is a market leader in its field, with impressive technical capability and a flexible customer-focused approach.”
Verallia said the acquisition will enable it to benefit from Allied’s expertise in premium glass bottles, specifically in the Scotch Whisky and Gin sectors, and from its established position on the UK market.