Why it matters: Orora is one of the world’s largest bottle and can manufacturers.
It will pay for the acquisition partly through a $1.34 billion capital raising.
Saverglass has six factories in France, Mexico, Belgium and the UAE.
Orora will pay $2.16 billion to acquire French glass bottles maker Saverglass from US private equity giant The Carlyle Group as it tilts its business further towards the premium spirits and wine segment.
The Melbourne-based glass bottle and aluminium can manufacturer is raising $1.34 billion to help pay for the acquisition, which it says will elevate it into one of the biggest glass bottle makers in the world in an industry where size is important.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
