Glass is having a moment. It is less destructive than plastic, made from natural substances and can be endlessly recycled. For consumers seeking to live a more environmentally friendly lifestyle, glass is a preferred option. This shift in sentiment is having an impact on industry, and French glass bottle maker Verallia has had a great 2019, which it capped in October with a successful initial public offering (IPO).
Verallia, controlled since 2015 by US investment company Apollo and Bpifrance, is the world’s third largest producer of glass packaging for drinks and food and the largest in Europe. In 2018, it produced nearly 16 billion glass bottles and jars for clients such as drinks maker Pernod Ricard, champagne house Dom Pérignon and chocolate spread maker Nutella.
