Verallia Company Profile

Background

Verallia is a leading global producer of glass packaging for beverages and food products, committed to reimagining glass to build a sustainable future. The company aims to redefine how glass is produced, reused, and recycled, making it the most sustainable packaging material worldwide. With nearly 11,000 employees and 35 glass production facilities across 12 countries, Verallia serves over 10,000 customers globally. In 2023, the company produced more than 16 billion glass bottles and jars, achieving a turnover of €3.9 billion.

Key Strategic Focus

Verallia's strategic focus encompasses:

Sustainability Initiatives: The company is dedicated to reducing its environmental impact, aiming for a 46% reduction in CO₂ emissions (Scopes 1 and 2) by 2030 compared to 2019 levels.

Product Innovation: Verallia emphasizes the development of innovative and sustainable glass packaging solutions, such as the 'My Air' ultralight 105g bottle and the Bordelaise Air, a 300-gram bottle for wines, highlighting its commitment to lightweighting and eco-design.

Global Expansion: The company continues to expand its global footprint, with recent acquisitions like the purchase of Vidrala's glass business in Italy in July 2024, enhancing its production capacity and market presence.

Financials and Funding

In 2023, Verallia reported a turnover of €3.9 billion, with a 24.4% adjusted EBITDA margin. The company has been focusing on cost control and performance improvement plans to enhance cash generation. In July 2025, BW Gestão de Investimentos Ltda. (BWGI) acquired a controlling stake in Verallia, holding 77.05% of the share capital and 69.15% of the voting rights, providing a stable foundation for executing Verallia's strategic objectives.

Pipeline Development

Verallia's pipeline development includes:

Sustainable Packaging Solutions: The company is developing the 'My Air' ultralight 105g bottle and the Bordelaise Air, a 300-gram bottle for wines, focusing on lightweighting and eco-design.

Decarbonization Projects: Verallia inaugurated its first 100% electric furnace in Cognac, France, in 2024, aiming for a 60% reduction in CO₂ emissions at the plant.

Technological Platform and Innovation

Verallia's technological innovations include:

Electric Furnaces: The company has implemented electric furnaces, such as the one in Cognac, France, to reduce CO₂ emissions.

Hybrid Furnaces: Verallia is developing its first hybrid furnace in Zaragoza, Spain, scheduled for Q3 2025, aiming to reduce CO₂ emissions by up to 55% by replacing fossil energy with electric energy.

Lightweighting Initiatives: The company focuses on producing lighter glass containers, exemplified by the 'My Air' ultralight 105g bottle and the Bordelaise Air, a 300-gram bottle for wines.

Leadership Team

Patrice Lucas: Chief Executive Officer since May 2022, previously served as Chief Operating Officer at Stellantis.

Michel Giannuzzi: Chairman of the Board since May 2022, formerly CEO of Tarkett.

Cristina Riesgo: Appointed Group Chief Financial Officer on January 5, 2026, bringing 20 years of international experience in financial management.

Market Insights and Competitor Analysis

The global glass packaging market is highly competitive, with key players including Verallia, Ardagh Group, O-I Glass, and Vidrala. Verallia’s focus on sustainability and innovation positions it favorably in this expanding market.

Ardagh Group: A major competitor in both glass and metal packaging, with a strong presence in North America and Europe.

O-I Glass: A global leader in glass packaging, competing directly with Verallia across various product categories.

Vidrala: A European glass manufacturer with a strong focus on the beverage sector, challenging Verallia through localized distribution networks and competitive pricing.

Strategic Collaborations and Partnerships

Verallia collaborates with customers, suppliers, and partners across the value chain to develop sustainable and innovative glass packaging solutions. The acquisition of Vidrala's glass business in Italy in July 2024 exemplifies its strategic growth and market expansion.

Operational Insights

Verallia operates an extensive global network of 35 glass production facilities and 19 cullet recycling centers, enabling efficient production and recycling processes. The company's commitment to sustainability is reflected in its goal to achieve a 66% cullet use rate by 2030, with an interim target of 59% by 2025.