US investment firm, The Carlyle Group, has entered into exclusive discussions with Astorg to acquire a majority controlling stake in Saverglass. Saverglass operates six glass and decoration facilities in France and one in the UAE. It's headquarters are in Feuquieres, France and in total the company employ 2600 people. Loic Quentin de Gromard, Saverglass CEO said: "The exciting and promising partnership envisaged with Carlyle would take place at the end of a challenging period in the wine and spirit industry. Saverglass has embraced in recent years several sizable investments such as the construction of a 100,000/t glassworks in the UAE, as well as a decoration plant in Arques, France. Carlyle's global footprint and expertise will help us to sustain the international development of Saverglass." The company reported an annual revenue of 382m/Euros in 2014.
