Zignago Vetro to buy Verreries Brosse

Italian glass containers manufacturer Zignago Vetro will buy the French primary glass manufacturer Verreries Brosse for EUR 5.4 millionthe company said in January 2002.
The Italian company plans to i…

Italian glass containers manufacturer Zignago Vetro will buy the French primary glass manufacturer Verreries Brosse for EUR 5.4 millionthe company said in January 2002. The Italian company plans to invest about EUR 12 million in Verreries Brosse by 2005. The take over has been approved by the French Tribunal de Commerce. Zignago Vetro posted a EUR 170.9 million consolidated turnover for the first nine months of 2001. Its net profit for the same period was EUR 14.9 million, compared to the EUR 15.7 million posted in the first nine months of 2000. Zignago Vetro is a subsidiary of the Italian glass containers, beverages and cosmetics producer Industrie Zignago Santa Margherita Spa.