Verallia to Acquire Allied Glass in the UK - Seite 2

Alan Henderson, CEO of Allied Glass, added:

“Integrating Allied into an international Group, one of the main world leaders in glass manufacturing for food and beverage, is a thrilling challenge for Allied. Based on our respective strengths, the two companies will benefit from strong synergies. Whilst our customers in the UK market will continue to benefit from the same level of quality of service locally, we believe we can further improve our market offering through the support and knowledge of the wider Verallia group.”

Transaction details

Verallia will acquire 100% of the capital of Allied Glass. The transaction is valued at approximately £315 million (enterprise value) and will be financed by Verallia’s existing cash, whilst maintaining the Verallia Group’s leverage below 2x net debt/adjusted EBITDA.

Verallia expects to complete the acquisition by mid-November.

Advisors

Legal: White & Case LLP
Financial and Tax: Ernst & Young
Environmental: ERM

About Verallia

At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world’s most sustainable packaging material. We work in common cause with our customers, suppliers and other partners across the value chain to develop new healthy and sustainable solutions for all. With around 10,000 people and 32 glass production facilities in 11 countries, we are the leading European and the third largest producer globally of glass containers for food and beverages, providing innovative, customized and environmentally friendly solutions to more than 10,000 businesses around the world. Verallia produced more than 16 billion bottles and jars and achieved revenues of €2.7 billion in 2021. Verallia is listed on compartment A of the Euronext Paris stock exchange (Ticker: VRLA – ISIN: FR0013447729) and belongs to the SBF 120, CAC Mid 60, CAC Mid & Small et CAC All-Tradable indexes. For more information: www.verallia.com.

Disclaimer

Certain information included in this press release does not constitute historical data but constitutes forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies (including the successful integration of Allied Glass within the Group) and the environment in which Verallia operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include those discussed or identified under Chapter 3 "Risk Factors" in the Universal Registration Document filed with the AMF on 29 March 2022 under number D.22-0188 and available on the Company's website (www.verallia.com) and the AMF's website. These forward-looking information and statements are not guarantees of future performances.