Vidrala has bought glass bottle manufacturer Encirc in a deal speculated to have cost up to £400 million (€409 million).
Encirc, which makes bottles for a range of suppliers including Diageo and Britvic, used to trade as Quinn Glass.
Spanish bottle manufacturer Vidrala has now snapped up the Encirc bottle and jar making business that employs 1,100 people in Cheshire, UK and Northern Ireland.
Adrian Curry, managing director at Encirc, said: “Vidrala has a sizeable presence in Europe and has committed to supporting Encirc’s continued development and investment.
“This will ensure that the business will continue to grow, innovate, maintain and enhance its market-leading position to the benefit of Encirc’s employees, customers, suppliers and local communities alike.”
Gorka Schmitt, chief executive of Vidrala, added: “This integration will enhance the resulting group’s position in the European glass packaging market.
“Encirc has demonstrated a solid market share in recent years thanks to the engagement of its employees, its modern facilities, competitiveness and strong customer relationships.
“Vidrala has demonstrated capabilities in the integration of companies within its group, promoting their respective local footprints, developing industrial sites, adding its well proven expertise in the glass packaging business and improving customer satisfaction.
“This acquisition represents an important milestone for Vidrala. The integration will ensure both Vidrala and Encirc are better placed for the future.”
