O-I In €119M Acquisition

Owens-Illinois (O-I) has acquired nearly half of Mexican container glassmaker Empresas Comegua in a €119 million deal. Owens-Illinois said it acquired a 49.7% interest in Empresas Comegua from Fabricación de Màquinas (FAMA), a Vitro subsidiary. Empresas Comegua 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.