The acquisition is the result of a new strategic relationship with Nestlé Waters. The Vergèze plant is located near the Nestlé Waters’ Perrier bottling facility.
Under the terms of the acquisition agreement, O-I will become the leading supplier of glass bottles for the Perrier brand, as well as Nestlé Waters’ other water brands worldwide.
O-I has long supplied Nestlé Waters’ S Pellegrino line, and the brand’s CEO is currently featured in O-I’s Glass Is Life global advertising campaign.
Jose Lorente, president of O-I Europe, said: “As a result of this deeper strategic relationship with Nestlé Waters, O-I has the opportunity to support some of the preeminent brands in the water segment and reinforce glass’ position in this important category.”
O-I will pay approximately $15m related to the acquisition of the Vergèze plant.
Source: O-I
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