US: Owens-Illinois closes Verrerie du Languedoc plant buy
Owens-Illinois' Verrerie du Languedoc purchase strengthens the ties with Nestle Waters and the Perrier brand
Owens-Illinois has completed its purchase of the Verrerie du Languedoc bottling plant in France, thereby expanding its “strategic relationship” with Nestlé Waters.
The US-headquartered glass container manufacturer, which claims to be the world's largest, confirmed yesterday (26 July) that it has closed the purchase of the plant in Vergeze, near Nestlé Waters’ Perrier bottling facility, for around US$15m. The facility has a “long-standing” supply relationship with Nestlé Waters, O-I said, and the purchase will see O-I become “the leading supplier” of glass bottles for Perrier, as well as Nestlé Waters’ other water brands worldwide.
“As a result of this deeper strategic relationship with Nestlé Waters, O-I has the opportunity to support some of the pre-eminent brands in the water segment and reinforce glass’ position in this important category,” said O-I Europe's president, Jose Lorente.
O-I announced its plan to to acquire Verrerie du Languedoc in November last year. The site employs 135 people.
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