Apollo in Exclusive Talks to Acquire Verallia for Almost €3B
June 09, 2015
Apollo Global Management has entered into exclusive talks with Saint-Gobain to acquire Verallia, a manufacturer of glass bottles and jars. While Saint-Gobain had been fielding various offers for the business, Apollo emerged as the high bidder with a purchase offer of over €2.9 billion. Apollo is also currently in talks with Banque Publique d'Investissement in connection with a potential minority stake acquisition in Verallia by BPI. With 47 plants across 13 countries, Verallia generated nearly €2.4 billion in net sales and €230 million in operating income in 2014.