# O-I acquires just under 50% stake in Empresas Comegua

Owens-Illinois (O-I) acquired a just over 49.7% interest in Empresas Comegua S.A., Central America's leading glass container maker, from a subsidiary of Vitro for $119 million.

- Type: Acquisition
- Announced: 2018-11-12
- Value: $119.0M
- Status: completed
- Products: glass containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Owens-Illinois](https://endata.com/companies/2307.md) (acquirer)
- [Empresas Comegua](https://endata.com/companies/4166.md) (target)
- [Vitro](https://endata.com/companies/4167.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/11/12/1649488/0/en/O-I-ACQUIRES-NEARLY-50-PERCENT-INTEREST-IN-EMPRESAS-COMEGUA-S-A.html), 2018-11-12: "The purchase price of $119 million is adjusted for net debt and is based on an enterprise value of just under 6x FY18E EBITDA prior to any synergies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.