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”.
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