CANPACK Group and BA Glass Finalize Sale of CANPACK’s Polish Glass Business

Kraków, Poland; Avintes, Portugal (April 2, 2024) – CANPACK Group and BA Glass announce that on April 2^nd they have finalized the sale of CANPACK’s Glass operations in Poland to BA Glass. Consequently, the glass plant located in Orzesze was transferred to BA Glass and became part of its operations in Poland. The terms of this transaction are confidential.

Marius Croitoru, CANPACK Group CEO stated: “As we close this transformative chapter with the sale of CP Glass assets, we are strategically aligning our focus on our core businesses and maximizing value for our stakeholders. The proceeds from this transaction will empower CANPACK to further support our general corporate objectives. We extend our heartfelt acknowledgments and best wishes for continued success to our former colleagues. Together, we’ve built a legacy, and we look forward to their great success as part of BA Glass.” 

Tiago Moreira da Silva BA Glass CEO added: “For BA Glass Group this acquisition fulfills an objective long waited for the group in Central Europe. To have a greater representation in the market and to diversify its portfolio of products has always been limited to our capacity, now, with CP Glass, we will be able to do it  and better serve the Central European market. We are happy to have finalized this operation and eager to start integrating CP Glass in our values and vision.”

BA Glass is the fourth largest glass packaging producer in the world, having more than 5,000 employees worldwide. It operates 14 plants in Portugal (3), Spain (2), Germany (1), Poland (2), Bulgaria (2), Romania (1), Greece (1) and Mexico (2) where it recently acquired the local producer Vidrio Formas.

CP Glass is a member of CANPACK Group, part of Giorgi Global Holdings, Inc. CANPACK Group is a global manufacturer of aluminum beverage cans and packaging solutions for the food and beverage industries, as well as glass bottles and metal closures. Headquartered in Krakow (Poland), CANPACK Group employs approximately 9,000 people worldwide and has operations in 16 countries.