# O-I completes acquisition of Nueva Fanal glass packaging plant in Mexico from Grupo Modelo

O-I completed its acquisition of Nueva Fabrica Nacional de Vidrio (Nueva Fanal) from Grupo Modelo for about US$188 million. The plant near Mexico City has four furnaces producing about 300,000 tons of glass containers a year.

- Type: Acquisition
- Announced: 2019-07-01
- Where: near Mexico City, Mexico
- Value: $188.0M
- Status: completed
- Capacity: approximately 300,000 tons of glass containers annually
- Products: glass containers, glass bottles for beer brands
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [o-i.com](https://www.o-i.com/news/o-i-announces-the-completion-of-acquisition-of-glass-packaging-facility-in-mexico-expands-presence-in-growing-global-brands/), 2019-07-01: "Owens-Illinois, Inc. (NYSE: OI) today announced it has completed the acquisition of Nueva Fábrica Nacional de Vidrio, S. de R.L. de C.V."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/owens-illinois-buy-glass-packaging-facility/), 2019-07-02: "Owens-Illinois (O-I) has acquired Nueva Fabrica Nacional de Vidrio (Nueva Fanal) from Grupo Modelo for approximately $188m."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/groupe-bellemare-produce-bottles/), 2019-08-12: "Last month, the glass bottle manufacturer acquired Nueva Fàbrica Nacional de Vidrio (Nueva Fanal) from Grupo Modelo for approximately $188m."

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