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Bavaria SA completes sale of Compania Nacional de Vidrios

Bavaria SA closed the sale of its glass-container operations, Compania Nacional de Vidrios SA, to Owens-Illinois Inc. Terms were not disclosed.

Bavaria said the glass-container business, located in…

Bavaria SA closed the sale of its glass-container operations, Compania Nacional de Vidrios SA, to Owens-Illinois Inc. Terms were not disclosed. Bavaria said the glass-container business, located in Colombia, has revenue of US$ 70 million. The acquisition, combined with its existing operations, makes Owens-Illinois the sole glass-container supplier in Colombia. Owens-Illinois makes glass bottle and jar containers. The company“s Colombian unit, Cristaleria Peldar SA, has revenue of about US$ 110 million.

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