Brazil’s Moreira Salles Family Makes Strategic Move on European Bottle Leader

Reuters reports the Moreira Salles family of Brazil announced Monday their official bid to acquire remaining shares of French bottle manufacturer Verallia. The family will pay €30 per share through their investment arm BWGI, valuing the company at €6.1 billion.

The influential Brazilian dynasty already owns 28.8% of Verallia’s capital and 27.9% of voting rights through their Kaon V investment fund. Their offer represents a 23.2% premium over the one-month volume weighted average price.

Verallia stands as Europe‘s premier glass bottle manufacturer and ranks third globally in glass containers for food and beverages. The company employs 11,000 people across 35 manufacturing facilities in 12 countries worldwide.

BWGI stated they expect the initial offer period to conclude by June 2025. The investors pledged not to delist Verallia from public markets and confirmed the acquisition would preserve all current jobs.