Carlyle grants exclusive rights to Orora Group for the purchase of Saverglass
Paris & Feuquières, France, 5 September 2023 – Global investment firm Carlyle (NASDAQ: CG) announced today that it has granted exclusive rights to Orora Group (“Orora”) for the purchase by Orora of Saverglass, a global specialist manufacturer of high-quality glass bottles.
Founded in 1897 and based in Feuquières, France, Saverglass designs, manufactures and decorates luxury glass bottles and carafes for wines and spirits. The company has six glassworks and four decoration sites in France, Belgium, Mexico and the United Arab Emirates. It employs over 3,900 people worldwide and sells more than 530,000 tonnes of glass a year (equivalent to 700 million bottles) in some 100 countries. Saverglass’ knowledge of traditional glassmaking and its longstanding heritage in the industry, combined with its innovation and design capabilities, make the business a key partner to a range of fine wine and spirits producers across the globe. Saverglass is committed to positioning the business for the future and protecting its unique cultural inheritance by continuing to place sustainability and social responsibility at the heart of its operating model.
Carlyle has been Saverglass’ majority shareholder, alongside the management team and employees, since 2016.
Loïc Quentin de Gromard, Honorary Chairman of Saverglass, said: “Having worked with Saverglass for almost 40 years, I am delighted at the prospect of a new shareholder for the Group and its employees. It will enable Saverglass to continue implementing its strategy of investment and successful innovation for the benefit of its customers, which underpins the exceptional bonds of cooperation and trust built up with them. The deal also marks an exciting new chapter for the business, in which it can build on its strong heritage and unlock new opportunities to develop the ethical values on which the Saverglass community is founded.”
Jean-Marc Arrambourg, Chairman and CEO of Saverglass, said: "Carlyle has been a valuable partner for us in recent years, and we are grateful to them for supporting our international growth strategy. We are convinced that the Orora Group is the perfect partner for Saverglass to continue our development, and we are confident that together we will be able to further accelerate our growth trajectory."
Jonathan Zafrani, Co-Head of Carlyle Europe Partners, added: "We are proud to have supported Saverglass, its management team and its employees over the last few years. Its ambitious growth strategy in new geographies – particularly in the Americas – has enabled it to strengthen its position across key markets and further build upon its technical expertise, creativity, and quality of service. We wish the company every success in this new phase of its life."
The offer and the signature of the binding documentation will be subject to consultation with employee representative bodies, and the transaction is subject to regulatory approvals.
Saverglass, a world leader in the design, production, customization and decoration of high-end bottles for the premium and ultra-premium spirits and wine markets, is a privileged partner of the world's leading spirits and wine brands, as well as emerging brands committed to the quality and exclusivity of their packaging.
From its six glass plants and four decoration units benefiting from leading-edge technologies, and thanks to the professionalism, ongoing training and passion for excellence of its 3,900 employees, Saverglass sells over 700 million bottles to more than 4,000 customers in some 100 countries, and is committed to its longstanding sustainable development strategy with the objective of reducing its carbon footprint by 50% by 2035.
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $385 billion of assets under management as of June 30, 2023, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
Orora is a leading manufacturer and distributor of sustainable, innovative packaging and visual solutions for customers across the world. Listed on the ASX and headquartered in Melbourne, Australia, the company is focused on designing and delivering products and services that enables its customers’ brands to thrive. Every day, millions of consumers buy and use goods in packaging proudly designed, developed, manufactured or distributed by Orora. The company operates businesses across two key geographic segments – Orora Beverage Australasia and Orora Packaging Solutions (OPS) North America. More than 4,600 people are employed across 23 manufacturing plants and 80 distribution sites in seven countries. Learn more at www.ororagroup.com.
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