O-I Glass completes Canadian plant sale

Published 25th May, 2022 by Greg Morris

A subsidiary of O-I Glass recently completed a sale and leaseback transaction for a plant located in Brampton, Ontario, Canada for CAD $244 million (US$ $191 million).

Andres Lopez, O-I Glass CEO, said: “This sale is another milestone in our portfolio optimisation programme and builds upon the Colombian tableware divestiture completed earlier this year.

“To date, we have successfully realised approximately $1.3 billion of proceeds toward our target of $1.5 billion, which we anticipate will be achieved in the second half of 2022.”

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.