Bavaria SA closed the sale of its glass-container operations, Compania Nacional de Vidrios SA, to Owens-Illinois Inc. Terms were not disclosed.
Bavaria said the glass-container business, located in…
Bavaria SA closed the sale of its glass-container operations, Compania Nacional de Vidrios SA, to Owens-Illinois Inc. Terms were not disclosed. Bavaria said the glass-container business, located in Colombia, has revenue of US$ 70 million. The acquisition, combined with its existing operations, makes Owens-Illinois the sole glass-container supplier in Colombia. Owens-Illinois makes glass bottle and jar containers. The company“s Colombian unit, Cristaleria Peldar SA, has revenue of about US$ 110 million.