TricorBraun said the acquisition would allow it to strengthen its European presence
Founded in 1994, Vetroelite was formed in 1994 and is a provider of premium glass packaging solutions for the spirits, gourmet food, home fragrances, wine, and cosmetics industries.
It operates from multiple locations inEurope and North America, and has customers in 90 countries.
Court Carruthers, president and CEO, TricorBraun, said: “The Vetroelite team has established a strong reputation for high-quality, innovative packaging solutions, fueled by deep expertise and dedicated customer service.”
All Vetroelite team members, including CEO Daniele Feletto and the company’s leadership team, will remain with TricorBraun and continue to work out of the company’s existing locations.
Vetroelite will operate as Vetroelite, a TricorBraun company, upon closure of the acquisition.
LBO France acquired Vetroelite in 2017. The transaction is expected to close later this month.
