Hints and tips:
...The question for winemakers to ponder over a glass is whether this will now occur in bottle making. If not, margins may remain persistently high in this important supply industry....
...In 1933, the Owens-Illinois Glass Block Building showed exactly what could be done at the Century of Progress Chicago World’s Fair....
...maker Owens-Illinois rebuffed Blackstone offer before shares halved Shares (ReOrg) Due Diligence is written by Arash Massoudi, Javier Espinoza and Robert Smith in London, James Fontanella-Khan, Ortenca...
...Since then it acquired glass bottle operations from Owens-Illinois of the US and the UK’s Rexam. Last year it bought BevCan to enter the beverage-can market....
...But Erik Bouts, who heads the European business of Owens-Illinois, which makes containers for the drinks and food industry such as Dutch brewer Heineken, insists the opposite is true: that glass has now...
...Owens-Illinois is the biggest glass container maker in the US....
...The Verallia deal will make it the number two glass container maker (for wine, food and beverages) in the US, behind Owens-Illinois....
...Buying Verallia North America would give it a presence in the US wine market for the first time and enable it to leapfrog its rival, Owens-Illinois, as the largest producer of glass bottles in the US....
...Owens Illinois , the glass bottle manufacturer, was the best performer in the S&P 500 with its shares up8.9 per cent to $18.78....
...Owens-Illinois , the glass packaging manufacturer, was another high riser, up 4.4 per cent on Friday to $20.21, a 7.6 per cent gain over the week, after an analyst at Goldman Sachs upgraded the stock from...
...Owens-Illinois , one of the world’s largest manufacturers of glass bottles, climbed 4.4 per cent to $23.68. Fertiliser maker CF Industries gained 4 per cent to $183.22....
...“Jewellery in a retail environment is locked up in a glass case,” says Jessica Herrin, the company’s chief executive and founder....
...The company did not want to drop the price of the offer after already setting an IPO range that was a significant discount to its principal rival, US-based Owens-Illinois....
...Yet Al Stroucken, chief executive of Owens-Illinois, insists that glass can re-establish its environmental and functional credentials as well as its marketing clout....
...SABMiller recently set up centralised systems that give it more clout in buying raw materials such as glass – previously, negotiations were carried out with the same glass supplier, Owens-Illinois, but at...
...Owens-Illinois , a maker of glass containers, rose 4.1 per cent to $27.23 a share....
...rise from Hawaii to Harvard to the Illinois state legislature and, finally, the White House....
...Rexam, which is expanding one plant in Russia and building another, sees Russia as a prime market with beverage can use growing by 8 per cent to 10 per cent a year....
...In recent months the company has sold off its glass business for €660m (£445m), while stepping up its presence in plastic packaging with the $1.6bn (£791m) acquisition of O-I Plastics in the US....
...Having divested its glass business over the past two years, Rexam is concentrating on canmaking and plastic packaging....
...In 1998 Rexam expanded its global presence by buying a majority stake in Der Kwei, a Taiwanese cosmetics packager but the move described by company executives as transformational was the 1999 acquisition...
...Credit Suisse acted as financial adviser to Rexam, while Goldman Sachs advised Owens-Illinois....
...Steve McCracken, chief executive of O-I, which until April was called Owens-Illinois, chose Lausanne as its European head office because Switzerland has a “capitalistic” approach to companies....
International Edition