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O-I completes purchase of European glass plants
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 Owens-Illinois Inc. said yesterday it completed the previously announced sale of two European glass plants to Vidrala SA of Alava, Spain.
O-I had agreed to sell its plants in Barcelona, and Corsico, Italy, in order to get the European Commission's approval for O-I's acquisition last year of BSN Glasspack SA. The Toledo firm said it would use the $180 million from the sale to repay bank debt or to reinvest in its plants.
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January 24th, 2005
Photo: O-I
Source: Toledoblade.com |
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