Vitro - M&A Summary and Business Overview

PackagingCompany

Vitro M&A Summary

Vitro has acquired 4 companies. It has also divested 2 assets.

Vitro’s largest acquisition to date was in 2016, when it acquired PPG - Flat Glass & Glass Coatings Operations for $750M. It’s largest disclosed sale occurred in 2015, when it sold Vitro - Glass Containers Food & Beverage Division to O-I Glass for $2.2B. Vitro has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include packaging (50%) and automotive (25%).

Vitro Business Overview

Where is Vitro headquartered?

Vitro is headquartered in San Pedro Garza Garcia, Mexico.

What is Vitro’s revenue?

Vitro disclosed revenue of 311M USD for 2023 and 252M USD for 2022.

How many employees does Vitro have?

Vitro has 1,439 employees.

What sector is Vitro in?

Vitro is a packaging company.

When was Vitro founded?

Vitro was founded in 1909.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2

Vitro

Vitro, S.A.B. de C.V.

Avenida Ricardo Margain Zozaya No. 400 Colonia Valle del Campestre,
San Pedro Garza Garcia, 66265
Mexico,
+52 81 8863 1600
www.vitro.com

Vitro, is a glass manufacturer. Vitro was founded in 1909 and is based in San Pedro Garza García, Mexico.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $1.4B $1.4B
Sell (0.0/yr) # 2 - - - - - 2
vol $2.2B $2.2B
  6

Most Recent M&A

Company Date Value Type
Empresas Comegua S.A. 2018-11-12 - Stake Sale
, Mexico
Pittsburgh Glass Works LLC 2017-03-01 310M USD Divestiture
Pittsburgh, Pennsylvania · www.pgwglass.com
LKQ Corp. - OEM Glass Manufacturing Business 2016-12-19 310M USD Divestiture
Chicago, Illinois
PPG - Flat Glass & Glass Coatings Operations 2016-07-21 750M USD Divestiture
Pittsburgh, Pennsylvania
Vitro - Glass Containers Food & Beverage Division 2015-07-07 2.2B USD Divestiture
, Mexico
Vitro American National Can S.A. de C.V 2003-08-01 - Joint Venture
México City, Mexico
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Packaging 2 (50%) 750M (55%) 1 (50%) -
Manufacturing 1 (25%) 310M (23%) 1 (50%) 2.2B (100%)
Automotive 1 (25%) 310M (23%) - -
Total 4 $1.4B 2 $2.2B

By Geo

State/Country Buy Value Sell Value
Mexico 1 - 2 2.2B
United States 3 1.4B - -
  Pennsylvania 2 1.1B - -
  Illinois 1 310M - -
Domestic 1 (25%) - 2 (100%) 2.2B (100%)
Cross-border 3 (75%) 1.4B (100%) - -
Total 4 $1.4B 2 $2.2B

Deal Values

buy # Total
$100M to $1B 3 $1.4B
TOTAL $1.4B
Largest PPG - Flat Glass & Glass Coatings Operations
$750M (2016-07-21)
sell # Total
> $1B 1 $2.2B
TOTAL $2.2B
Largest Vitro - Glass Containers Food & Beverage Division
$2.2B (2015-07-07)

M&A Connections

Deals
Acquired from
Strategic(s)
75%
3 (75%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Packaging

Revenue

311   24% 2023
252   88% 2022
1,958   11% 2021
1,768   19% 2020
2,180   3% 2019
2,238   13% 2018
1,983   107% 2017
958   18% 2016
818   47% 2015
1,530   2014
(millions of USD) Show More Show Less

Employees

1,439

Established

1909

Public

Bolsa Mexicana (BMV): VITROA

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