BA Glass to Acquire Equity Stake in Tunisian Glassmaker Sotuver

BA Glass has acquired an equity stake in Tunisian-headquartered glass manufacturer Sotuver (pictured).

BA Glass has reached an agreement with the Bayahi Group to acquire an equity stake in Tunisian glass manufacturer Sotuver.

BA Glass and Bayahi will partner in speeding up the growth of Sotuver to strengthen its position as a reference in glass packaging production in the Mediterranean region.

Sotuver serves a diverse portfolio of customers in the food and beverage segments, many of them regional leaders in their respective market.

This partnership reinforces BA Glass’ and Sotuver’s commitments to expanding their footprints in North Africa and to capture growth opportunities in emerging markets in the Mediterranean and Africa.

This transaction reflects BA Glass’s confidence in Tunisia’s economic stability and its competitive advantages as an industrial hub in the Mediterranean region.

The country’s strong industrial tradition in the agri-food and beverage sectors, coupled with supportive investment policies, creates a favourable environment for sustainable growth and innovation.

Tiago Moreira da Silva, BA Glass Group CEO, said: “This investment marks a significant milestone in BA Glass' growth strategy.

"Tunisia offers a unique combination of talent, infrastructure, and strategic location, making it an ideal gateway to African markets.

"By partnering with Sotuver, we aim to strengthen our presence in the region and deliver added value to our customers.”

Khaled Bayahi, Managing Director of Sotuver, said: “We are delighted to partner with BA Glass, one of the most respected players in the global glass packaging industry.

"This collaboration opens new horizons for Sotuver and reinforces our shared commitment to innovation and excellence, keeping Sotuver as a leading player in the region.”

The operation is expected to close early this year.

Following completion, BA Glass anticipates maintaining a robust financial position, ensuring sustainable growth while leveraging its industrial model to deliver operational excellence and Sotuver expects to boost its efficiency with synergies and expertise brought by BA Glass.

Website: BA Glass