Barclays Private Equity has taken a majority stake in UK glass manufacturer Allied Glass. 

The total investment amounts to £75m (€91m) for the secondary management buyout, with Barclays contributing £29.5m for a majority stake, alongside debt from HSBC and Lloyds.

Allied, which has approximately 600 employees across its two factory sites in Leeds and Knottingley, West Yorkshire, manufactures and supplies glass containers to food and drink manufacturers, specialising in the production of bottles. Allied clients include Diagio Scotland, Whyte & Mackay, De Vere and William Grant & Sons.

“Allied has invested heavily in its asset base, providing a strong platform for future growth. The business can now service increasing volumes, and has developed new products targeting niche markets.” Said Steve O’Hare of Barclays.

The glass manufacturer had a turnover of £78m last year, and was originally acquired from Associated British Foods in 2002 by CBPE Capital.