O-I Completes Acquisition of Vitro’s Food and Beverage Business
Vitro is the largest supplier of glass containers in Mexico and manufactures glass containers across multiple end uses, including food, soft drinks, beer, wine and spirits. The transaction includes Vitro’s five food and beverage glass container plants in Mexico, a plant in Bolivia and the food and beverage business of Vitro Packaging, its North American distribution business based in Plano, Texas, which together employ nearly 6000 people. The transaction has received Vitro shareholder approval, as well as relevant regulatory approvals in the US and Mexico. O–I is the world’s largest glass container manufacturer and preferred partner for many of the world’s leading food and beverage brands. The company had revenues of USD 6,8 billion in 2014. Following the acquisition of Vitro’s food and beverage business, the company now employs approximately 27 000 people at 81 plants in 23 countries. With global headquarters in Perrysburg, Ohio, O-I delivers safe, sustainable, pure, iconic, brand-building glass packaging to a growing global marketplace.