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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.
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.
