# 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.

- Type: Acquisition
- Announced: 2019-04-03
- Where: near Mexico City, Mexico
- Value: $188.0M
- Status: announced
- Capacity: approximately 300,000 tons of glass containers annually
- Products: glass containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Grupo Modelo](https://endata.com/companies/1402.md) (target)
- [Owens-Illinois](https://endata.com/companies/2307.md) (acquirer)
- [Nueva Fanal](https://endata.com/companies/4863.md) (target)

## Sources

- [distillerytrail.com](https://www.distillerytrail.com/blog/o-i-announces-188-million-acquisition-of-glass-packaging-facility-in-mexico/), 2019-04-03: "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."

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