Vidrala SA Acquires UK Bottling Facilities of Accolade Wines

Vidrala, a leading manufacturer of glass containers, has announced the acquisition – through its UK division Encirc – of the bottling facilities and logistics infrastructure operated by Accolade Wines in Bristol, UK Kingdom, known as “The Park”.

The agreement includes the signing of a long-term supply agreement with Accolade Wines, one of the world’s leading wine producers, which will benefit both parties and ensure support for Accolade’s flagship brands.

With this acquisition, worth £30 million, the Vidrala Group takes another step in its objectives to further reduce the carbon footprint of the company’s supply chain, as a key element of its sustainable development strategy and in accordance with its scientific objectives. Additionally, this agreement will enable the company to provide a more efficient and sustainable supply chain service to the UK beverage market through Encirc.

“The Park is positioned as one of the most advanced and sustainable facilities in Europe, with a production capacity of more than 30 million cases of 9-litre wine per year. The Park’s facilities produce no waste and are CO2 neutral, thanks to the investment made in 2019 which opted for the installation of wind turbines in order to consume 100% renewable electricity.

Under the terms of the agreement, Encirc will acquire “The Park” facilities and all associated facilities and equipment. As for the employees, the agreement provides that they join Encirc under their current conditions. Some employees will remain with Accolade to provide services to the business, as well as provide support to Encirc on a temporary basis. Accolade Wines is also committed to making the transition as smooth as possible.

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Vidrala S.A. published this content on November 14, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on November 14, 2022 4:54:02 PM UTC.

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