TricorBraun announces that it has signed an agreement to acquire the supplier of premium glass containers Vetroelite by LBO France. The acquisition strengthens TricorBraun's European presence and continues the company's global expansion.
Founded in 1994, Vetroelite offers solutions for glass containers Premium for the spirits, gourmet foods, home fragrances, wine and cosmetics industries. Vetroelite has a global presence, operates from multiple locations in Europe and North America and serves clients in 90 countries; was acquired by French LBO in 2017.
"We are very pleased to expand our European presence with the acquisition of Vetroelite," he said. Court carruthers, President and CEO of TricorBraun. "We are proud to welcome Vetroelite to the TricorBraun family and look forward to supporting Vetroelite's continued growth."
All members of the Vetroelite team, including CEO Daniele Feletto, will remain at TricorBraun and continue to work at the company's existing locations. Upon closing of the transaction, Vetroelite will operate as Vetroelite, a TricorBraun company.
"At Vetroelite, our commitment to providing customers with innovative, distinctive and high-quality glass packaging drives everything we do," he said. Daniele feletto, CEO of Vetroelite. "We know that TricorBraun shares that same passion and purpose, and we are delighted to join such a respected packaging leader."