M&A Deal Summary

O-I Glass Acquires Vitro - Glass Containers Food & Beverage Division

On July 7, 2015, O-I Glass acquired manufacturer Vitro - Glass Containers Food & Beverage Division from Vitro for 2.2B USD

Acquisition Highlights
  • This is O-I Glass’ 2nd transaction in the Manufacturing sector.
  • This is O-I Glass’ largest (disclosed) transaction.
  • This is O-I Glass’ 2nd transaction in Mexico.

M&A Deal Summary

Date 2015-07-07
Target Vitro - Glass Containers Food & Beverage Division
Sector Manufacturing
Buyer(s) O-I Glass
Sellers(s) Vitro
Deal Type Divestiture
Deal Value 2.2B USD

Target

Vitro - Glass Containers Food & Beverage Division

Mexico
Vitro - Glass Containers Food & Beverage Division includes five Food and Beverages Glass Container manufacturing plants located in Mexico, the operations in Bolivia and the distribution of such products in the United States.

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Buyer(S) 1

Buyer

O-I Glass

Perrysburg, Ohio, United States

website


Category Company
Founded 1903
Sector Packaging
Employees25,000
Revenue 6.9B USD (2022)
DESCRIPTION
Entrance to Owens-Illinois' corporate headquarters in Perrysburg, Ohio.
Entrance to Owens-Illinois' corporate headquarters in Perrysburg, Ohio.

O-I Glass is a global glass container manufacturing company. The Company competes in the glass container segment of the rigid packaging market and is the leading glass container manufacturer in most of the countries where it has manufacturing facilities. O-I Glass was founded in 1903 and is based Perrysburg, Ohio.


DEAL STATS #
Overall 5 of 7
Sector (Manufacturing) 2 of 2
Type (Divestiture) 3 of 4
Country (Mexico) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Anheuser-Busch Glass Production Plant in Nava

Mexico

Anheuser-Busch InBev SA, Glass Production Plant in Nava comprises glass bottle production plant.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Empresas Comegua S.A.

Mexico

Empresas Comegua S.A. is a manufacturer of glass containers for the Central American and Caribbean markets. The business serves many of O-I's global strategic customers and various segments including food, soft drinks, beer, spirits, and pharmaceuticals. Operations include two glass manufacturing facilities - one in Costa Rica and another in Guatemala.

Buy -

Seller(S) 1

SELLER

Vitro

San Pedro Garza Garcia, Mexico

website


Category Company
Founded 1909
Sector Packaging
Employees14,765
Revenue 2.0B USD (2021)
DESCRIPTION

Vitro, is a glass manufacturer in Mexico and one of the world’s major companies in its industry, backed by more than 100 years of experience. Vitro was founded in 1909 and is based in San Pedro Garza García, Mexico.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (Mexico) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 Vitro American National Can S.A. de C.V

México City, Mexico

Vitro American National Can S.A. de C.V is a manufacturer of metal cans and is based in México.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 PPG - Flat Glass & Glass Coatings Operations

Pittsburgh, Pennsylvania, United States

PPG manufacturing and glass coatings operations, including production sites located in Fresno, California; Salem, Oregon; Carlisle, Pennsylvania; and Wichita Falls, Texas; four distribution/fabrication facilities located across Canada; and a research-and-development center located in Harmar, Pennsylvania, near Pittsburgh. PPG’s flat glass business includes approximately 1,200 employees. The business manufactures glass that is fabricated into products used primarily in commercial and residential construction.

Buy $750M