# Visy to acquire O-I ANZ glass container business for US$652M

Visy agreed to buy O-I ANZ, the largest glass bottle and container maker in Australia and New Zealand, for US$652 million ($932 million), with completion expected by the end of July 2020. O-I will use the proceeds to reduce its debt.

- Type: Acquisition
- Announced: 2020-07-16
- Where: Australia and New Zealand, Australia
- Value: $652.0M
- Status: announced
- Products: glass bottles and containers, cans and cartons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [O-I](https://endata.com/companies/1163.md) (partner)
- [Visy](https://endata.com/companies/1950.md) (acquirer)
- [O-I ANZ](https://endata.com/companies/6763.md) (target)

## Sources

- [packagingnews.com.au](https://www.packagingnews.com.au/latest/o-i-anz-sold-to-visy-for-932m), 2020-07-16: "Visy has bought O-I ANZ for US$652m ($932m)."

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