Spanish container glass manufacturer Vidrala has presented an offer to purchase Encirc Limited, which has activities in the UK and Ireland.
Encirc has production sites in Derrylin, Ireland and Elton, UK and has produced container glass since the end of the 1990s. The company has invested approx. 640 Million Euros into its production sites in recent years.
No final result of the outcome of negotiations or the offer presented via the subsidiary company Inverbeira Sociedad de Promoción de Empresas has been published yet.
Vidrala reported a profit of 40.2 Million Euro for the first nine months of this year, which signifies a loss of 1.5% compared to same period in the previous year. Sales went down by 1.6% to 362.8 Million compared to 2013.