Bormioli Luigi S.p.A., parent company of Luigi Bormioli glassware, has partnered with Triton to purchase the pharma and tableware business divisions of the Bormioli Rocco group from current owner Vision Capital.
According to Bormioli Luigi, both business divisions will be owned and run independently of each other, as Bormioli Luigi will acquire the tableware division and Triton will acquire the pharma division.
“With the historical acquisition of Bormioli Rocco tableware, Bormioli Luigi will expand the perimeters of its organizational and material resources in order to develop original and virtuous ways of doing business in glass, to the advantage of client’s interests, leveraging on both companies’ knowledge, culture and capabilities,” said Alberto Bormioli, president, Bormioli Luigi.
“Bormioli Rocco, as one of the European market leaders active in the tableware and pharmaceutical packaging businesses, has been building its current presence over the last decades. These transactions are an important milestone since, on top of allowing us to pay off all financial debt, they are enabling us to continue with our strategic efforts with a more focused approach on the two respective single divisions,” said Riccardo Garré, executive chairman, Bormioli Rocco.
“We welcome the new majority owners respectively, as investors who will support us in executing our plans and continuing to be the leaders in each of our industries,” Garré added.