M&A Deal Summary

Nadir Acquires Cristar

On March 17, 2022, Nadir acquired consumer products company Cristar from O-I Glass

Acquisition Highlights
  • This is Nadir’s 1st transaction in the Consumer Products sector.
  • This is Nadir’s 1st transaction in Colombia.

M&A Deal Summary

Date 2022-03-17
Target Cristar
Sector Consumer Products
Buyer(s) Nadir
Sellers(s) O-I Glass
Deal Type Divestiture

Target

Cristar

Envigado, Colombia
Cristar is a glass tableware company that produces a broad portfolio of tumblers, goblets, and other beverage sets through its furnace in Buga, Colombia. Cristar was formed in 1979 and is based in Envigado, Colombia.

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Buyer(S) 1

Buyer

Nadir

São Paulo, Brazil

Category Company
Founded 1912
Sector Consumer Products
DESCRIPTION

Nadir is a glass tableware producer in Brazil and the 6th largest in the world. Nadir provides high-quality products and long-standing relationships with all major distributors and retailers. Nadir was founded in 1912 and is based in Sao Paulo, Brazil.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Colombia M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

O-I Glass

Perrysburg, Ohio, United States

Category Company
Founded 1903
Sector Packaging
Employees21,000
Revenue 6.5B USD (2024)
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 3 of 3
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: Colombia M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Le Parfait

Reims, France

Le Parfait is known for its iconic glass jars and lids manufactured by O-I France SAS and its affiliates. The brand is popular in France, born from the tradition of homemade preserves, jams, honey, and terrines that are delicious and long-lasting. Le Parfait was founded in 1930 and is based in Reims, France.

Sell -