O-I Glass - M&A Summary and Business Overview

PackagingCompany

O-I Glass M&A Summary

O-I Glass has acquired 7 companies, including 1 in the last 5 years. It has also divested 3 assets.

O-I Glass’ largest acquisition to date was in 2015, when it acquired Vitro - Glass Containers Food & Beverage Division for $2.2B. It’s largest disclosed sale occurred in 2007, when it sold OI Plastic Products FTS to Rexam for $1.8B. O-I Glass has acquired in 3 countries. The Company’s most targeted sectors include packaging (58%) and manufacturing (29%).

O-I Glass Business Overview

Where is O-I Glass headquartered?

O-I Glass is headquartered in Perrysburg, Ohio.

What is O-I Glass’ revenue?

O-I Glass disclosed revenue of 6,856M USD for 2022 and 6,357M USD for 2021.

How many employees does O-I Glass have?

O-I Glass has 25,000 employees.

What sector is O-I Glass in?

O-I Glass is a packaging company.

When was O-I Glass founded?

O-I Glass was founded in 1903.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5

O-I Glass

O-I Glass, Inc.

One Michael Owens Way Plaza 2,
Perrysburg, Ohio 43551
United States,
(567) 336-5000
www.o-i.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 7 - - - - - 7
vol $3.9B $3.9B
Sell (0.4/yr) # 1 - 1 1 - - 3
vol $1.8B $1.8B
  10

Most Recent M&A

Company Date Value Type
Cristar Tabletop S.A.S. 2022-03-17 - Divestiture
Envigado, Colombia · www.cristar.com.co
Le Parfait 2021-10-27 - Divestiture
Reims, France · www.leparfait.com
Nueva FÃ brica Nacional de Vidrio, S. de R.L. de C.V. 2019-04-01 188M USD Divestiture
Coacalco de Berriozábal, Mexico
Empresas Comegua S.A. 2018-11-12 - Stake Purchase
, Mexico
Vitro - Glass Containers Food & Beverage Division 2015-07-07 2.2B USD Divestiture
, Mexico
Anheuser-Busch Glass Production Plant in Nava 2014-12-16 300M USD Divestiture
, Mexico
VDL Co. 2011-07-26 - Add-on Acquisition
, France
Companhia Industrial de Vidros S.A. 2010-09-01 - Add-on Acquisition
Recife, Brazil
OI Plastic Products FTS, Inc. 2007-08-01 1.8B USD Divestiture
Toledo, Ohio
BSN Glasspack SA 2004-02-18 1.3B EUR Divestiture
, France
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Packaging 4 (57%) 1.6B (41%) 2 (67%) 1.8B (100%)
Manufacturing 2 (29%) 2.2B (54%) - -
Beverages 1 (14%) 188M (5%) - -
Consumer Products - - 1 (33%) -
Total 7 $3.9B 3 $1.8B

By Geo

State/Country Buy Value Sell Value
Mexico 4 2.6B - -
France 2 1.3B 1 -
Brazil 1 - - -
Colombia - - 1 -
United States - - 1 1.8B
  Ohio - - 1 1.8B
Domestic - - 1 (33%) 1.8B (100%)
Cross-border 7 (100%) 3.9B (100%) 2 (67%) -
Total 7 $3.9B 3 $1.8B

Deal Values

buy # Total
> $1B 2 $3.5B
$100M to $1B 2 $488M
TOTAL $3.9B
Largest Vitro - Glass Containers Food & Beverage Division
$2.2B (2015-07-07)
sell # Total
> $1B 1 $1.8B
TOTAL $1.8B
Largest OI Plastic Products FTS, Inc.
$1.8B (2007-08-01)

M&A Connections

Deals
Acquired from
Strategic(s)
71%
5 (71%)
Divested to
Strategic(s)
100%
3 (100%)

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