Sun European Partners has reached an agreement to sell Vetrerie Riunite Group to Teak Capital and Tangor Capital. The deal includes Vetrerie Riunite and Borromini but not the Novaref division within the transaction.

Teak Capital is an investment company present in the industrial, financial, education and health sectors, owned by the Moreira da Silva Family. Tangor Capital is the Family Office of the Silva Domingues Family, Teak Capital and Tangor Capital hold shareholding interests in BA Glass.

Davide Vassena, CEO of VR Group, added: “Our partnership with the Sun European team has been a great success. Our shared values and focus on delivering a customer-first strategy, combined with Sun European’s operational knowledge and deep manufacturing expertise have allowed us to transform and grow the business further."

“We look forward to partnering with Teak Capital and Tangor Capital, who also bring extensive experience and an impressive track record as investors and operators, and with whom we look forward to a new growth phase for VR Group.”

vetrerieriunite.it
suneuropeanpartners.com
www.teakcapital.pt