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.”