Owens-Illinois, Inc. announced that it has entered into a definitive agreement with Graham Packaging Co., York, Pa., to sell its blow-molded plastic container operations in North America, South America and Europe.
Included in the sale are 24 plastics manufacturing plants in the U.S., two in Mexico, three in Europe and two in South America, serving consumer products companies in the food, beverage, household, chemical and personal care industries.
"We recognize the talent and expertise of Owens-Illinois employees as industry leaders," said Philip R. Yates, chairman and CEO of Graham Packaging Company. "The O-I operations will be an excellent strategic fit with our existing 57 plants throughout North America, Europe, and Latin America which are solely focused on customized blow-molded plastic containers."
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