O-I to acquire Vitro
Owens-Illinois (O-I) completed the acquisition of the Vitro food and beverage glass container business from Vitro, S.A.B. de C.V. (VITROA) for $2.15bn in September.
The transaction includes Vitro's five food and beverage glass container plants in Mexico, a site in Bolivia and the food and beverage business of Vitro Packaging, its North American distribution business based in Plano, Texas, which together employ nearly 6,000 people.
Vitro is one of the largest suppliers of glass containers in Mexico and manufactures glass containers across end uses including food, soft drinks, beer, wine and spirits.