Deal Details

Allied Glass Is Acquired by Verallia

Industrial

Allied Glass, majority owned by an affiliate of Sun European, acquisition by Verallia

Summary

Allied Glass (the “Company”), majority owned by an affiliate of Sun European Partners, LLP (“Sun European”), has been acquired by Verallia SA (“Verallia”) (ENXTPA: VRLA) for a total enterprise value of £315 million.

Baird served as the exclusive financial advisor to Allied Glass’ shareholders on this transaction.

About

Allied Glass is a leading player in the premium glass packaging market in the United Kingdom, where it generates over 95% of its revenues, with 4 furnaces located in West Yorkshire. Allied Glass designs, develops and manufactures glass packaging, benefitting from state-of-the-art 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. Allied Glass has strong relationships with a diversified customer base covering blue chip, traditional and emerging brands, based on a partnership approach to new product development. The Company is led by a strong management team with significant industry experience who have successfully grown the profitability under private equity ownership. Allied Glass is headquartered in Leeds, the United Kingdom.

Sun European is a leading private investment advisory firm, focused on partnering with outstanding management teams to accelerate value creation. Since 1995, affiliates of Sun European have invested in more than 475 companies worldwide with revenues in excess of €40 billion across a broad range of industries and transaction structures. Sun European has built a reputation as a trusted partner, recognised for its operational experience. Sun European focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the business services, consumer, healthcare, industrial, and technology sectors. Sun European is headquartered in London, the United Kingdom with affiliate offices in Boca Raton, Los Angeles and New York.

Verallia is the leading European and the world’s third largest producer of glass containers for food and beverages. With around 10,000 people and 32 glass production facilities in 11 countries, Verallia provides innovative, customised and environmentally friendly solutions to more than 10,000 businesses around the world. Verallia produced more than 16 billion bottles and jars and achieved revenues of €2.7 billion in 2021. Verallia is listed on compartment A of the Euronext Paris stock exchange (Ticker: VRLA – ISIN: FR0013447729) and belongs to the SBF 120, CAC Mid 60, CAC Mid & Small et CAC All-Tradable indexes. Verallia is headquartered in Courbevoie, France.

Industrial

Allied Glass, majority owned by an affiliate of Sun European, acquisition by Verallia