PERRYSBURG, Ohio, July 26, 2011 /PRNewswire/ -- Owens-Illinois, Inc., the world's largest glass
container manufacturer, today announced the acquisition of VDL
Company, a single-furnace glass container plant in Vergeze,
France, effective August 1, 2011. The acquisition is the result of
a new strategic relationship with Nestle Waters, the world's
leading bottled water company. The Vergeze plant is located near
the Nestle Waters' Perrier bottling facility and has a
long-standing supply relationship with Nestle Waters. Under the
terms of the acquisition agreement, O-I will become the leading
supplier of glass bottles for the Perrier brand, as well as Nestle
Waters' other water brands worldwide.
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O-I has long supplied Nestle Waters' S. Pellegrino line, and the
brand's CEO is currently featured in O-I's Glass Is Life™ global
advertising campaign.
"As a result of this deeper strategic relationship with Nestle
Waters, O-I has the opportunity to support some of the preeminent
brands in the water segment and reinforce glass' position in this
important category," said Jose
Lorente, president of O-I Europe.
O-I announced the intent to acquire the Vergeze plant in
November 2010, pending the completion
of a restructuring plan to bring the facility's costs in line with
those of other O-I Europe plants.
O-I will pay approximately $15
million related to the acquisition of the Vergeze plant,
which employs 132 people. The acquisition is expected to be
earnings accretive in 2012.
About O-I
Owens-Illinois, Inc. (NYSE: OI)
is the world's largest glass container manufacturer and preferred
partner for many of the world's leading food and beverage brands.
With revenues of $6.6 billion in
2010, the company is headquartered in Perrysburg, Ohio, USA, and employs more than
24,000 people at 80 plants in 21 countries. O-I delivers safe,
effective and sustainable glass packaging solutions to a growing
global marketplace. For more information, visit
www.o-i.com.
SOURCE Owens-Illinois, Inc.