Libbey Inc. recently announced that it has consummated the acquisition of the stock of B.V. Koninklijke Nederlandsche Glasfabriek Leerdam (Royal Leerdam) from BSN Glasspack. The deal was a cash transaction and is valued at 42.3 million euros. Royal Leerdam manufactures and markets high-quality glass stemware, including popular wine glasses. It operates a manufacturing and distribution facility in Leerdam, The Netherlands, and employs approximately 450 associates. The acquisition is consistent with Libbey's external growth strategy to be a supplier of high-quality, machine-made glass tableware products to key markets worldwide. In addition to contributing to sales, operating profits and bottom-line earnings, Royal Leerdam will add to the sizable cash flow generated by Libbey. As a result, it is expected to contribute to Libbey's track record of strong cash return on invested capital, regular debt reduction and increasing financial strength over time.
Our annual R&D Lab Equipment and Instrumentation Directory helps you locate the best suppliers for your needs. This issue also includes articles focused on deformation and tension, materials characterization trends, non-destructive imaging, and more. Check it out!