M&A alert. Glass products maker Stirom sold by Greek owner to BA Vidro

Newsroom 10/10/2016 | 16:15

The glass articles manufacturer Stirom was sold by its Greek owner to the Portuguese group BA Vidro for an undisclosed sum.

The transaction will be closed by the end of this year, after will be approved by the Competition Council.

Stirom’s revenues grew in the first six months of the year grew by 18 percent to RON 143.6 million, according to profit.ro.

BA Vidro was founded in 1912 and owns seven factories with over 2,100 employees in Spain and Poland.

Stirom was founded in 1968 in Bucharest under the name of Glass Articles Factory Bucharest. Since 1990, it became joint stock company under the name of Stirom, and in 1995 became majority private company. In early 2003, Stirom was taken by Yioula Glassworks group, based in Greece, group which has 6 other glass factories in Greece, Bulgaria and Ukraine.

Georgiana Bendre

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Newsroom | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue