Investment Summary

O-I Glass Invests In Empresas Comegua S.A.

On November 12, 2018, O-I Glass invested in packaging company Empresas Comegua S.A. from Vitro

Investment Highlights
  • This is O-I Glass’ 4th transaction in the Packaging sector.
  • This is O-I Glass’ 3rd transaction in Mexico.

Investment Summary

Date 2018-11-12
Target Empresas Comegua S.A.
Sector Packaging
Investor(s) O-I Glass
Sellers(s) Vitro
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

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 6 of 7
Sector: Packaging M&A 4 of 4
Type: Stake Purchase M&A Deals 1 of 1
Country: Mexico M&A 3 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 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.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Nueva FÃ brica Nacional de Vidrio S. de R.L. de C.V.

Coacalco de Berriozábal, Mexico

Nueva FÃ brica Nacional de Vidrio, S. de R.L. de C.V. plant has four furnaces to produce and supply approximately 300,000 tons of glass containers annually for Grupo Modelo brands, which include Corona, Modelo Especial and Pacifico.

Buy $188M

Seller(S) 1

SELLER

Vitro

San Pedro Garza Garcia, Mexico

Category Company
Founded 1909
Sector Manufacturing
Employees1,439
Revenue 311M USD (2023)
DESCRIPTION

Vitro is a glass manufacturer that produces, processes, distributes, and markets a wide range of glass products that are part of daily life for millions of people across the globe. The company's fundamental, integrated focus on generating new products and technologies has produced a product portfolio that spans multiple industries, including cosmetics, pharmaceuticals, automotive and commercial construction. It also is a supplier of raw materials, machinery and equipment for industrial use. Vitro was founded in 1909 and is based in San Pedro Garza García, Mexico.


DEAL STATS #
Overall 2 of 2
Sector: Packaging M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Mexico M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Pittsburgh Glass Works

Pittsburgh, Pennsylvania, United States

Pittsburgh Glass Works LLC is a designer, producer and distributor of automotive glass to high-volume Auto-OEM applications and glass replacement markets worldwide. PGW’s business comprises engineering development and application of sophisticated automotive glass technologies; glass manufacturing and assembly operations in North America, Europe and Asia wholesale and retail aftermarket distribution services; and retailer alliance partnerships in North America.

Buy $310M