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

CANPACK Group and BA Glass announce that on April 2nd 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.”
more at: https://www.canpack.com/news/canpack-group-and-ba-glass-finalize-sale-of-canpacks-polish-glass-business/

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