Vidrala has acquired a non-controlling minority stake of 29.36% in the share capital of the Brazilian company Vidroporto for R$297 million, approximately €53 million.

Vidroporto, with its subsidiary Indústria Vidreira do Nordeste, is a renowned Brazilian manufacturer of glass containers, founded on an impressive business industrial legacy and a highly experienced management team. It operates two high quality sites located in Porto Ferreira, in the state of São Paulo, and Estância, in the state of Sergipe, from where it serves some of the main brands in Brazil in segments like beer, spirits or soft drinks. In 2022, Vidroporto obtained sales of around R$700 million.

This acquisition represents a first step in the Vidrala’s long term strategic path, diversifying the business towards the growing Brazilian market, creating a driver for future growth in regions that will offer interesting opportunities with an aim of reinforcing long-term partnerships with some of the main global beer customers.

In addition, Vidrala has reached an agreement in principle to purchase the remaining 70.64% of the share capital of Vidroporto owned by the Salzano family through its investment vehicle Quatroefe Administração e Participações.

www.vidrala.com