Owens-Illinois Glass Buy Might Make Plastics Surplus To Requirements

Owens-Illinois has entered into negotiations to acquire Europe's second largest glass manufacturer, BSN Glasspack, leaving the door open for a possible sale of its plastics business.

The combination of OI and BSN, for about $1.5 billion, would create the largest European glass player, placing OI at the top of the leader board with a 35 per cent share and pushing Saint Gobain with 22 per cent into second.Owens-Illinois has entered into negotiations to acquire Europe's second largest glass manufacturer, BSN Glasspack, leaving the door open for a possible sale of its plastics business.

The combination of OI and BSN, for about $1.5 billion, would create the largest European glass player, placing OI at the top of the leader board with a 35 per cent share and pushing Saint Gobain with 22 per cent into second.

600450 Owens-Illinois Glass Buy Might Make Plastics Surplus To Requirements glassonweb.com
Date: 20 February 2004
Source: Todaysnews

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