Vidrala buys 29.3% of the Brazilian Vidroporto for 53 million and agrees to acquire the rest later

MADRID, 9 Feb. (-) –

Vidrala has acquired a minority stake of 29.36% in the Brazilian company Vidroporto for an amount of 297 million Brazilian reais (about 53 million euros), as the glass manufacturer reported this Thursday to the National Securities Market Commission ( CNMV).

The Spanish company has agreed to buy the rest of Vidroporto’s share capital once the legal disputes currently affecting Quatroefe, the investment vehicle of the Salzano family, owner of the remaining 70.64% of the Brazilian company, are resolved.

Vidroporto, with its subsidiary Indústria Vidreira do Nordeste, is a Brazilian producer of glass containers, which has plants in Porto Ferreira (São Paulo) and Estância (Sergipe), from where it supplies containers to some of the main brands in Brazil in segments such as beer, spirits or soft drinks.

In 2022, Vidroporto obtained sales of 700 million Brazilian reais (about 125.4 million euros at the current exchange rate) and a gross operating result (Ebitda) close to 190 million Brazilian reais (34 million euros).

Vidrala explained that the Brazilian company is immersed “in an advanced process of expansive investments”, which should increase its capacity, sales and Ebitda this year by more than 25%.

“This acquisition represents a first step for Vidrala’s long-term strategy, diversifying the business towards the growing Brazilian market, creating a platform for future growth in regions that will offer interesting opportunities with the aim of strengthening long-term alliances with some of the world’s main beer customers”, stressed the Spanish glass manufacturer.

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