Spanish glass manufacturer Vidrala SA said Thursday it will pay euro138.2 million ($189 million) for two European production plants of Owens-Illinois Inc. of the United States.
The two glass-container manufacturing plants are in the Catalonia region of northeast Spain and in Milan, Italy.
Owens-Illonois was forced to sell the assets after its purchase of France's BSN Glasspack SA raised competition concerns at the European Commission.
Vidrala said the acquisition - which is subject to EU approval - would be the the biggest it has ever made and will increase its production capacity by 55 percent.