Verallia Escapes Sanctions from Italian Competition Authority

Closure of the Investigation

The Italian competition authority decided to close the investigation opened in 2023 against several glass producers, including the Italian subsidiary of Verallia, the company reports. The inquiry focused on the tariff increases that occurred since 2022 in the sector of glass bottles intended for the wine market. According to the group, the decision concludes that there was no infringement, thus ending the investigations conducted by the AGCM. This closure follows several months of review of the case by the Italian authorities, who analyzed the commercial practices of the sector's players during the period in question.

Reasons Behind Price Increases

According to the statement, the decision by the Italian authority confirms that the price increases observed in 2022 reflected an exceptional cost situation. The company notes that this was due to a surge in energy and raw material prices, as well as strong market demand. According to the group, this analysis rules out the hypothesis of coordinated behavior among the different sector players. The AGCM has thus recognized the exceptional economic context that led to these tariff adjustments in the glass packaging industry for wine.

Verallia's Commitment to Independent Commercial Policies

Following this decision, Verallia reaffirms its commitment to maintaining independent commercial policies, according to the statement. The group indicates that its strategy remains focused on three main pillars: the quality of its products, the security of supply for its clients, and the creation of value for all its customers. This stance comes at a time when the glass packaging producer, the third largest global player and the European leader in the sector, serves more than 10,000 companies worldwide. The group reported a turnover of 3.5 billion euros in 2024, according to the data provided.