Vitro - New Contract For Anchor And Buyer Found

Mexican Vitro SA's American subsidiary Anchor Glass Container Corp. has signed a contract to supply the 11 beverage plants of Stroh Brewing Co. with glass bottles. It is hoped that the 15-year agreement will help boost the flagging fortunes of the two struggling companies. Anchor Glass is the 3rd largest US glass manufacturer and Stroh is the 3rd largest US brewer, but each is having difficulty in maintaining their market share. Stroh had 12% of the beer market in 1985, but only 6% in 1995, while Anchor has posted losses for the last 3 years.