BA Glass Bulgaria EAD (Bulgaria)

Bulgaria's leading glassware maker BA Glass Bulgaria AD, former Druzhba Glassworks, was initially established in 1931. The company is engaged in the production and sale of glass packaging materials - bottles and jars of different size. Its products are designed for the canned food, wine and beer production industries. BA Glass Bulgaria AD has the capacity to produce 1 billion pieces of glass containers per year.
In July 1998, Bulgaria's Privatisation Agency sold a 51% stake in the glassware maker to Cyprus-registered Bareck Overseas Ltd., which is affiliated to Greece's glass producer Yioula, for USD 20 million. The Greek glass maker, together with two other companies, purchased in January 1997 a 70% stake in another Bulgarian glassware plant Stind for USD 4.05 million via its Cyprus-registered arm Glassinvest. In June 2003, the Greek owner decided to merge Druzhba with its other subsidiary in Bulgaria – the Sofia-based Stind.