BA Glass and the Gent Family agree on the incorporation of RECRESCO LIMITED into the BA GLASS GROUP.

BA Glass and the Gent Family announce that, on December 7th, they reached an agreement to integrate the Glass recycling operations of Recresco Limited into the BA Glass Group.

This transaction represents the association of a leading glass packaging manufacturer with a glass recycling operation, which is managed by a team with several decades of proven experience.

With this acquisition, BA Glass reinforces its commitment to the mitigation of climate change through the reduction of its CO2 footprint and the further development of a circular economy.

For several years, the BA Glass Group has been setting ambitious CO2 reduction targets, incorporating a sustainability roadmap into both its operational and market strategies. The incorporation of Recresco opens the possibility to develop the Group’s current recycling operations, supported by the extensive knowledge of Recresco’s team through collaboration.

Sandra Santos, CEO of BA Glass, commented: “The acquisition of Recresco is an extremely valuable opportunity to access high-quality recycled glass, representing a significant step towards our goal of reducing 50% of CO2 emissions by 2035. Incorporating a higher % of recycled glass in our products will allow us to be nearer to close the glass loop and make the glass the most sustainable packaging material in the world.”

Tim Gent, Recresco’s General Manager, pointed out that “partnering with BA Glass represents a unique opportunity for our team to participate actively in future recycling projects in other geographies, where BA Glass Group has its operations, leveraging our know-how and experience in the recycling of glass”.

BA Glass is the fourth largest glass packaging producer in the world, with a turnover close to €1,6 Bn and 5,000 employees worldwide. It operates 14 glass plants in Portugal (3), Spain (2), Germany (1), Poland (2), Bulgaria (2), Romania (1), Greece (1), and Mexico (2), and 2 glass recycling plants in Iberia. Furthermore, BA recently announced the agreement to acquire CP Glass Operations in Poland.

December 19, 2023