In 1992, faced with a high debt-turnover ratio, family-controlled Bormioli Rocco reorganised its activities and started in search of strategic acquisitions. In order to maximise its possibilities, when Danone put up one of its glassworks for sale, the Italian group made the purchase by paying with its own shares, making the French group a minority shareholder. When the company went shopping again in France earlier this year, this time it bargained for the tableware activities of past rival Saint-Gobain and managed to become the world's second largest in the sector.
Origin
Unknown
Journal Title
Gmpa 2/97 142-146
Sector
Domestic glass
Class
D 300