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Libbey sells its European operations to Anders Invest

Post Time:May 23,2022Classify:Industry NewsView:943

Dutch investment company Anders Invest has signed an agreement to purchase a 100 percent participation in Royal Leerdam and its affiliated company Crisal – Cristalaria Automática S.A. The companies manufacture table glass for the European market from the Netherlands and Portugal. Under the Royal Leerdam and Crisal Glass brands, it has a turnover of approximately EUR 120 million and employs more than 600 employees in the Netherlands and Portugal.

Glass has been produced in Leerdam since 1765. With the arrival of the glass factory in 1878, Royal Leerdam was founded. With the Crisal factory in Portugal, founded in 1944, Royal Leerdam has grown into a strong player in the European market of table glass. The company operates from the production site in Leerdam in the Netherlands and Marinha Grande in Portugal. In addition, the distribution centre is located in Gorinchem. Royal Leerdam and Crisal serve customers in retail, wholesale and hospitality throughout Europe, Australia, India, New Zealand and the Middle East.

Anders Invest has acquired its interest from Libbey Glass LLC. Libbey has decided to divest its European activities in order to strategically prioritize and expand its business within its core markets, especially the Americas. The closing of this transaction is anticipated to occur at the end of May 2022. Following the close of the transaction, Libbey and Anders Invest will maintain an ongoing commercial relationship, including uninterrupted access to products and other support.

Source: glassonlineAuthor: shangyi

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