Libbey Aquires Crisal-Cristalaria From Vista
January 19, 2005
Libbey Inc. has acquired 95% of the shares of Crisal-Cristalaria Automatica S.A., located in Marinha Grande, Portugal, from Vista Alegre Atlantis SGPS, SA. The cash transaction is valued at approximately 28 million euro. Crisal manufactures and markets blown and pressed tumblers, stemware and glassware accessories, and the majority of its sales are in Portugal and Spain. This acquisition of another European glassware manufacturer is complementary to Libbey's 2002 acquisition of Royal Leerdam, a maker of fine European glass stemware. Royal Leerdam's primary markets are located in countries in the north of Europe.
Libbey's website is located at http://www.libbey.com.