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Owens-Illinois was a part of the Dow Jones Industrial Average from June 1, 1959, until March 12, 1987. The company was added to the S&P 500 Index in January 2009. Owens-Illinois was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by KKR), added in 1991 and removed again in 2000. [7]
Cer-vit is a family of glass-ceramic materials that were invented by Owens Illinois in the mid-1960s. Its principle ingredients are the oxides of lithium, aluminum and silicon. It is melted to form a glass which is then heat treated to nucleate and crystallize it into a material that is more than 90% microscopic crystals.
In 1929, the Owens Bottle Co. acquired the assets of Illinois Glass Co. of Alton, Illinois, and renamed itself the Owens-Illinois Glass Co., making it the largest glass company in the world. Owens-Illinois Glass Company acquired Libbey Glass Company in 1935, but spun it off as a separate company in 1993.
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