Allied Glass, which is the UK’s fourth largest glass bottle manufacturer by volume and a leader in specialist bottles serving the high-end global spirits industry, reported that new product development is continuing “at a healthy pace” while revenues continue to rise.
The firm was taken over in 2013 by private equity firm CBPE in a multi-million pound deal and in its latest set of accounts for the year to December 2013, the group saw revenues increase to GBP 103.2 million, compared to GBP 102 million the year before.
Profit on ordinary activities before taxation was lower, down from GBP 7.4 million to GBP 4.3 million, due to higher finance charges.
“Underlying turnover has improved and new product development continues at a healthy pace with good continuity and conversion of new opportunities for organic growth in the future,” the group said.
“The rebuild and expansion of one of the furnaces during the year further progresses the group’s high environmental and energy efficient ambitions, as well as supporting future growth plans.”
The company is the UK’s fourth largest glass bottle manufacturer by volume and a leader in specialist bottles serving the high-end global spirits industry.
It specialises in the production of complex bottles and supplies containers to brands including Johnny Walker, MaCallan and Smirnoff vodka.
Allied Glass said it is “committed to a policy of continuous investment, adding new technology to expand and develop its design and production capability and flexibility.”