Verallia will buy three companies of the Santaolalla Group: Ecosan Ambiental, Ecolabora and Vidrologic in Spain and Portugal to advance its sustainable initiatives and increase the use of recycled glass in packaging
Verallia has agreed to buy Santaolalla’s five cullet treatment centres. (Credit: Verallia)
European glass packaging producer Verallia Group has entered an agreement with the Santaolalla Group to acquire five of the latter’s cullet (recycled glass) treatment centres.
The move is intended to advance Verallia’s sustainable initiatives and increase the use of recycled glass in packaging.
Verallia has agreed to buy three companies of the Santaolalla Group: Ecosan Ambiental, Ecolabora and Vidrologic in Spain and Portugal.
As a result of the transaction, the glass packaging producer has acquired over five new glass waste processing plants, both for industrial flat glass and hollow glass.
With the acquisition of Ecosan, Verallia now has four additional cullet treatment facilities: two in Burgos, one in Torrelavega (Santander), and one in Quer (Guadalajara).
Verallia is expanding its involvement in a crucial phase of the recycling process, the logistics of gathering glass for recycling, with the acquisition of Ecolabora.
Lastly, the packaging maker has purchased a second flat glass treatment facility, one in Anadia, Portugal, through Vidrologic.
Verallia Group CEO Patrice Lucas said: “As a leader of our industry, we must be the ones to drive transformation, going further and faster by promoting a circular economy.
“This acquisition and the investment we are doing all over Europe to increase our cullet capacity treatment is fully aligned with our ESG roadmap.”
This investment’s primary goal is to carry out Verallia’s strategy of using a higher percentage of cullet in the production process and to move closer to its CO2 reduction target to meet the goal of reducing emissions by 46% by 2030.
On the Iberia peninsula, Verallia now operates four plants in addition to these five new cullet treatment facilities.
Of these, two, Infiniver, a joint venture with TMA Recicla, and Revimon, will be commissioned this year.
Verallia Iberia general manager Paulo Pinto said: “At Verallia, we try to ensure that our activity contributes positively to the objective of our strategy, ‘Re-imagine glass for a sustainable future’, with a commitment to significantly reducing our CO2 emissions in all our operations and improving the circularity of glass packaging.”
Last year, the packaging maker signed a deal to buy UK-based Allied Glass from Sun European Partners’ affiliate for £315m.