Spanish glass container manufacturer Vidrala, through its subsidiary Inverbeira Sociedad de Promoción de Empresas, has acquired Encirc in a €408.6m deal.
Encirc has 1,200 employees and produces glass containers, which are supplied as packaging solutions for food and beverage manufacturers across Ireland and the UK.
It currently operates two facilities in Derrylin, Ireland, and Elton, Cheshire.
The Derrylin and Elton plants manufacture container glass for the UK and Ireland food and drink sectors, with the Elton plant also providing a beverage filling and logistics service.
The acquisition is expected to expand Vidrala’s position in the European glass packaging market.
Vidrala CEO Gorka Schmitt said: "This integration will enhance the resulting group’s position in the European glass packaging market.
"Encirc has demonstrated a solid market share in recent years thanks to the engagement of its employees, its modern facilities, competitiveness and strong customer relationships.
"Vidrala has demonstrated capabilities in the integration of companies within its group, promoting their respective local footprints, developing industrial sites, adding its well proven expertise in the glass packaging business and improving customer satisfaction.
"This acquisition represents an important milestone for Vidrala.
"The integration will ensure both Vidrala and Encirc are better placed for the future."
Encirc managing director Adrian Curry said: "Vidrala has a sizeable presence in Europe and has committed to supporting Encirc’s continued development and investment.
"This will ensure that the business will continue to grow, innovate, maintain and enhance its market-leading position to the benefit of Encirc’s employees, customers, suppliers and local communities alike."
Image: Encirc produces glass containers for the food and beverage markets. Photo: courtesy of Vidrala.