The Italian glassmaker Zignago Vetro has recently purchased around 79% of Huta Szkla Czechy (HSC), a Polish manufacturer of glass containers for the cosmetics and perfumery and food and beverage industries, for a total price slightly less than 7 million euros.
HSC is headquartered in Trabki, in the Masovia region, not far from Warsaw, where the group also runs its manufacturing plant. In 2010 the company, which has over 300 employees, generated revenues of approximately 14 million euros, an increase of almost 30% compared to 2009.
“HSC is a company with high potentiality, that operates in niches of the global market of glass containers for cosmetics and perfumery, and also for food and beverages. HSC is located in a strategic geographical area, both because of the potentiality for growth of the Polish market, and because of its location in between of the traditional EU markets and of the high-growing Eastern Europe markets,” explained Zignago Vetro in a release.
The Zignago Vetro Group produces hollow glass containers primarily for food and beverage, cosmetics and perfumery, luxury perfumery and specialty glass containers markets. It is active throughout the world with a "business-to-business" model through three business units: Zignago Vetro S.p.A., Verreries Brosse S.A.S., and Vetri Speciali S.p.A. (a 43.50% shareholding). The Polish manufacturing site adds up to production facilities located in Italy and in France.
