Vidrala offers to sell the MD Verre plant to Saverglass

The Executive Management of Saverglass Group has acknowledged an unilateral offer from the Spanish glass manufacturing Group Vidrala for the sale of 100 percent of shares in its Belgian subsidiary MD Verre.

The MD Verre factory is located in Ghlin, near Mons in Belgium and was acquired by the Vidrala Group in 2017. It operates two furnaces and produces 155,000 tons of glass a year, employing 257 people.

Saverglass Group’s Management has expressed its interest in this offer which could quickly reinforce the production capacity of its current plants, enabling them to better respond to the growing demand for high-end bottles for Wine and Spirit — their area of expertise.

As of today, the Management has begun a process of consultation with the Group’s Staff Representative Bodies concerning the interest expressed in this project.