Horizon exits Glass Container to Vetropack

The Glass Container companies are in the portfolio of Horizon Capital’s Western NIS Enterprise Fund, a 2015-vintage $150m investment vehicle funded by the US government via the US Agency for International Development (USAID) to foster the growth of small and medium businesses in Moldova and Ukraine. The fund issues equity tickets of $5–20m.

Vasile Tofan, a partner at Horizon Capital, told Unquote that the exit was conducted through an auction. Financial terms of the transaction are not disclosed.

Company
Headquartered in Chisinau, Glass Container Company and its sister organisation Glass Container Prim are suppliers of glass products exporting to 20 countries worldwide. Glass Container Company was founded in 1997. The company generates turnover of approximately €40m in 2019. In 2020, it reported a double-digit growth rate, Tofan said. He added that a typical EBITDA margin for glass businesses is in the 20-30% range.

People
Western NIS Enterprise Fund – Jaroslawa Z. Johnson (president, CEO).
Vetropack Group – Johann Reiter (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Industrials
• CEE
• Ukraine
• Trade sale