Who owns owens illinois

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.

These cookies do not store any personal information. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. In , the company changed its name one final time.

It became and remains known as Owens-Illinois, Inc. Toggle navigation. Owens-Illinois, Inc. From Ohio History Central. Federal Trade Commission FTC , which contended that the combination would create a company with too much control of the market, with a 38 percent share.

Owens-Illinois took its case to federal court, winning an appeal in The following year, however, an FTC administrative law judge ruled that the company should be forced to sell Brockway, leading to another Owens-Illinois appeal. Finally, in March the chairman of the FTC overturned the earlier ruling, allowing the acquisition to stand. A settlement on the damages was soon reached out of court, with the terms not disclosed.

KKR maintained a stake of about 26 percent through the late s. Over the next several years after the IPO, Owens-Illinois concentrated on building up its core glass container and plastic packaging operations.

The company's involvement in the plastics industry also expanded, evolving into a plastics group producing containers, closures, prescription containers, labels, and multipack carriers for beverage bottles. The acquisition of Specialty Packaging Products, Inc. During the mids the company continued to affirm its concentration on glass containers and plastic packaging through several strategic divestments.

In and it sold off its specialty glass segment. Also in Libbey Glass was spun off, becoming the publicly traded Libbey Inc. Owens-Illinois in December sold 51 percent of specialty packaging and laboratory equipment maker Kimble Glass Inc. It sold the remaining 49 percent stake to Gerresheimer in March A serious international presence began in with an expansion of South American operations, leading to the company's capture of the number one position in glass containers on that continent.

Another top position, in India, was gained in through the acquisition of glass container maker Ballarpur Industries. By this time the company also held leading positions in this segment in the United Kingdom, Poland, Hungary, Finland, Estonia, and had gained the number two position overall in Europe.

Throughout the s the company had to contend with ongoing asbestos litigation stemming from its Kaylo insulation business of The company had itself sued more than two dozen insurance companies who had refused to cover these claims.

It expected to receive substantial additional payments as the remaining suits reached settlements. Owens-Illinois was still a named defendant in asbestos claims involving about 14, claimants by the end of , and new claims were filed each year, although the number was steadily decreasing.

In non-U. With its concentration on the core areas of glass containers and plastic packaging and with its aggressive program of international expansion, Owens-Illinois appeared to have in place a solid plan for 21st-century growth. Toggle navigation. User Contributions:. Comment about this article, ask questions, or add new information about this topic: Name:. E-mail: Show my email publicly.

Human Verification:. Public Comment: characters. Send comment. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.

These cookies do not store any personal information. Crafting the Iconic Wine: Drusian. Your browser does not support the video tag. Crafting the Iconic Spirits: Coloma. Crafting the Iconic Food: Acadia. Crafting the Iconic Beer: Cherusker. Packaging with Emotions Glass is enchanting and versatile. Discover Our Capabilities.