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In 1987, Owens-Illinois made a bid of $60 per share (worth $750 million) to acquire Brockway, [3] which was met with resistance by the Federal Trade Commission (FTC). [4] After a Federal District Judge denied the FTC's request for an injunction, Owens-Illinois acquired Brockway's shares. [1] In 2018, the former Brockway Glass plant in ...
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]
The owner of the long-vacant 650,000-square-foot Owens-Brockway glass plant in Charlotte is expected to reopen it to manufacture aluminum drink cans. $100M investment breathes new life into ...
Nov. 10—LAPEL — Firefighters from several local departments battled a fire at the Brockway-Owens plant in Lapel. There were visible scorch marks along the north side of the roof of the glass ...
Brockway manufactured and sold glass containers and tubing, along with plastic products manufactured through wholly owned subsidiaries. In 1964 Brockway bought several Hazel-Atlas Glass Company factories from the Continental Can Company as part of a lawsuit settlement. In 1987 Owens-Illinois made a bid of $60 per share (worth $750million) to ...
O-I Glass (OI) has so far generated $1.3 billion of proceeds under its ongoing Portfolio Optimization program that entails exiting non-core operations and investing in its core business.
Owens-Corning Fiberglas Company was formed in 1935 through the merger of Owens-Illinois and Corning Glass Works. [8] [9] It became a separate company in 1938 with its headquarters established in Toledo, Ohio. [6] [10] In 1938, the company sales reached $2.6 million. [11] The company held its initial public offering on the New York Stock ...
O-I Glass (OI) concludes the Portfolio Optimization program that entails exiting non-core operations and investing in its core business and generated $1.5 billion in proceeds.