O-I to acquire Nueva Fanal glass plant in Mexico from Grupo Modelo for $188M

Owens-Illinois agreed to acquire Nueva Fanal, a glass container plant near Mexico City, from Grupo Modelo for about $188 million in cash. The plant produces roughly 300,000 tons of glass containers a year, and the deal is expected to close during 2019.

“The acquisition is a cash transaction valued at approximately $188 million, subject to customary closing conditions, including competition authority approval, and is expected to close during 2019.”distillerytrail.com

• 1 source
• distillerytrail.comO-I Announces $188 Million Acquisition of Glass Packaging Facility in Mexico - Distillery TrailApr 3, 2019

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