Via its recent acquisition of the Moldovan glassworks in Chișinău, the Vetropack Group is continuing its expansion strategy in Central and Eastern Europe. The acquisition involves two separate operational units, Glass Container Company and Glass Container Prim.
The glassworks in Chișinău produces approximately 100,000 tonnes of glass packaging annually for the food and beverage industry, which is sold both domestically and in export markets. The factpry currently employs some 450 people and generated a turnover of approximately €40 million in 2019.
"With this acquisition, we continue to expand in a region with which we are very familiar – a region where we have almost three decades of glass making experience" commented Johann Reiter, CEO of the Vetropack Group.