Portuguese glass container manufacturer BA Vidro, in partnership with CVC Capital Partners financial group, is to buy USA's Anchor Glass for US$ 1BN. CVC Capital is a London-based private equity and investment advisory firm. BA Vidro has also completed contracts to acquire the glass packaging businesses of Yioula Glass in Greece, Romania and Bulgaria. This deal is not part of a JV. the agreement excludes Yioula's Ukranian plants and glassware operations. The businesses included in the deal produce between them an annual capacity of around 550,000/tpa. BA Glass manufactures bottles from facilities across Portugal, Spain, Poland and Germany. The JV with CVC is expected to help Anchor Glass capitalise on market opportunities as it enters its next phase of development. Anchor has six manufacturing facilities across the US, with 11 furnaces and 31 machines that produce around 5BN glass containers/pa. The seller, KPS Capital Partners, bought Anchor in 2014.
