Aventas confirm sale of glass factory to Spanish company

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Aventas Manufacturing Group Limited has today confirmed (Wednesday, January 14) the sale of its glass factory business, Encirc Ltd to Spanish company Vidrala.

Aventas Manufacturing Group Limited has today confirmed (Wednesday, January 14) the sale of its glass factory business, Encirc Ltd to Spanish company Vidrala.

Vidrala, is a Spanish container glass manufacturing company with extensive glass packaging businesses in Europe but with no manufacturing presence in the UK or Ireland.

In a statement issued to the Leitrim Observer Aventas noted: “The transaction, which involves Encirc’s manufacturing plants in Derrylin (Co Fermanagh) and Elton (England) as well as the filling operation at Elton, has been completed for a total consideration of €408.6m.”

Commenting on the transaction, Paul O’Brien, Aventas CEO said “We are pleased to have completed the sale to Vidrala, a company with the ability and expertise to continue to invest in Encirc which has acquired an international reputation for both product quality and service excellence”.