AND&OR Acquires ICEBEL

Strengthening Our Presence in the Glass Industry

The AND&OR Group Acquires ICEBEL in Portugal, Strengthening Its Manufacturing Presence in the Iberian Peninsula and Becoming the International Leader in Its Segments.

Palomares del Río, March 25, 2024

AND&OR announces the acquisition of ICEBEL, a leading company in Portugal specialized in machinery and technologies for the Glass industry. The operation reflects the continuous growth and expansion of the AND&OR Group in the market, further strengthening its position as a reference in automation solutions for the industry.

The acquisition of ICEBEL represents a key strategic step for the AND&OR Group, as it adds its experience in handling plastic containers (PET, HDPE) to ICEBEL's analogous expertise in glass packaging. This complements the product and service portfolio of the AND&OR Group, enabling both companies to leverage synergies and collaborate in creating comprehensive solutions for the industry.

Both companies share a common vision of innovation, excellence, and customer service, core values ​​that will guide ICEBEL's integration into the AND&OR family.

This integration will allow the Group to offer an even wider range of solutions, increasing its production capacity to address the growing demands of the market and providing greater value to its customers.

"We are delighted to welcome ICEBEL to the AND&OR family. This acquisition reflects our ongoing commitment to excellence and innovation in the field of industrial automation," said Antonio Ortega Suarez, CEO of AND&OR. "Together, we are better positioned to provide comprehensive and advanced solutions to our customers worldwide, strengthening our position as industry leaders."

Alfonso Cardeira, CEO of ICEBEL, stated, "This integration into the AND&OR Group is a great opportunity to drive the company's growth and progression. We are focused on ensuring that the relationship with all stakeholders is reinforced with this acquisition."

Both companies will work hand in hand to ensure a smooth transition that benefits both employees and customers. This acquisition is expected to strengthen the Group's international presence.

With the acquisition of ICEBEL, the AND&OR Group is prepared to face the challenges and opportunities of the future, consolidating its position as a prominent player in industrial automation and reaffirming its commitment to excellence and customer satisfaction.