TricorBraun has entered into an agreement to acquire packaging supplier Vetroelite from LBO France for an undisclosed sum.
Founded in 1994, Vetroelite provides glass packaging solutions for the spirits, gourmet food, home fragrances, wine and cosmetics industries. The company has a global presence and operates from several locations across the US and Europe, serving customers in 90 countries.
The acquisition will strengthen TricorBraun’s European presence and supports its global expansion plans.
“We are very pleased to expand our European presence with the acquisition of Vetroelite,” said Court Carruthers, president and CEO of TricorBraun. “The Vetroelite team has established a strong reputation for high-quality, innovative packaging solutions, fuelled by deep expertise and dedicated customer service.”
All members of the Vetroelite team will remain with TricorBraun, including Vetroelite CEO Daniele Feletto, and continue to work at the company’s existing locations.
Vetroelite marks TricorBraun’s fourth acquisition this year.
The transaction is expected to close this month. Upon the completion of the deal, Vetroelite will operate as ‘Vetroelite, a TricorBraun company’.
© FoodBev Media Ltd 2021
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