O-I Glass

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While legally known as Owens-Illinois, Inc.,{{citation needed|date=January 2022}} the company changed its trade name to O-I in 2005 to group its global operations under a single, cross-language and cross-culture brand name.{{citation needed|date=January 2022}}

The company's headquarters were previously located at One SeaGate, Toledo, Ohio. The headquarters were moved in late 2006 to the Levis Commons complex in Perrysburg, Ohio. The company is the successor to the Owens Bottle Company founded in 1903 by Michael Joseph Owens, who made the first automated bottle-making machine, and Edward Drummond Libbey. In 1929, the Owens Bottle Company merged with Illinois Glass Company to become Owens-Illinois, Inc.{{cite web |url=http://www.o-i.com/About-O-I/Company-Facts/ |title=Company Facts |website=o-i.com |access-date=July 24, 2017 |archive-date=October 31, 2018 |archive-url=https://web.archive.org/web/20181031214856/http://www.o-i.com/About-O-I/Company-Facts/ |url-status=dead }} Six years later, Owens-Illinois merged with Corning Incorporated to form Owens Corning.{{citation needed|date=January 2022}}

In 1971 Owens-Illinois produced an early commercial plasma display, the digivue.{{cite journal |last1=Hoehn |first1=H. J. |last2=Martel |first2=R. A. |title=A 60 line per inch plasma display panel |journal=IEEE Transactions on Electron Devices |volume=18 |issue=9 |pages=659–663 |doi=10.1109/T-ED.1971.17263 |date=1971|bibcode=1971ITED...18..659H }}

Until July 2007, the company was also a worldwide manufacturer of plastics packaging with operations in North America, South America, Asia-Pacific and Europe. Plastics packaging products manufactured by O-I included containers, closures, and prescription containers. In July 2007 O-I completed the sale of its entire plastics packaging business to Rexam, a United Kingdom listed packaging manufacturer.{{Cite news |date=2007-06-11 |title=Owens-Illinois sells plastics unit to Rexam |language=en |work=Reuters |url=https://www.reuters.com/article/idUSWEN869220070611 |access-date=2023-03-20}}

Owens-Illinois was a part of the Dow Jones Industrial Average from June 1, 1959, until March 12, 1987. The company was added to the S&P 500 Index in January 2009. Owens-Illinois was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by KKR), added in 1991 and removed again in 2000.{{cite web |author1=Staff |title=Owens-Illinois Inc. headed back to S&P 500 stock index |url=https://www.toledoblade.com/local/2008/12/25/Owens-Illinois-Inc-headed-back-to-S-P-500-stock-index/stories/200812250071 |website=The Blade |access-date=November 20, 2021 |date=December 25, 2008}}

In October 2010, Owens-Illinois Venezuela C.A was expropriated by President Hugo Chávez.Unión Radio: {{cite web |url=http://www.unionradio.net/actualidadur/nota/visornota.aspx?id=57882&tpCont=1&idSec=4 |title=Actualidad :: Nota - Owens es la empresa 200 expropiada en 2010 |access-date=2010-11-20 |url-status=dead |archive-url=https://web.archive.org/web/20110725154133/http://www.unionradio.net/actualidadur/nota/visornota.aspx?id=57882&tpCont=1&idSec=4 |archive-date=2011-07-25 }}

In May 2015, O-I made an offer to purchase the food and beverage glass container business of Mexican company Vitro for $2.15 billion.{{cite web|title=Zacks Equity Research|url=http://www.zacks.com/stock/news/176763/owensillinois-oi-reshuffles-management-to-fuel-growth|website=Zacks|access-date=1 July 2015|archive-url=https://web.archive.org/web/20160128214756/http://www.zacks.com/stock/news/176763/owensillinois-oi-reshuffles-management-to-fuel-growth|archive-date=28 January 2016|url-status=dead}} The acquisition closed in September 2015.{{Cite web |last=Morris |first=Greg |date=2015-09-02 |title=O-I completes acquisition of Vitro's food and beverage business |url=https://www.glass-international.com/news/o-i-completes-acquisition-of-vitros-food-and-beverage-business |access-date=2025-02-14 |website=Glass International |language=en}}

In 2020, a subsidiary of O-I Glass, Paddock Enterprises, entered bankruptcy following numerous asbestos lawsuits filed against the company. All of the company's asbestos-related claims were isolated within Paddock and separated from O-I's glass-making operations.{{Cite web|url=https://www.toledoblade.com/business/2020/01/07/O-I-Glass-subsidiary-files-for-bankruptcy-amid-asbestos-lawsuits/stories/20200107138|title=O-I Glass subsidiary files for bankruptcy amid asbestos lawsuits|last=Snyder|first=Kate|date=2020-01-07|website=Toledo Blade|language=en|access-date=2020-01-15}}

Owens-Illinois partnered with NEG (Nippon Electric Glass), to produce glass television screens at its Columbus, Ohio, and Pittston, Pennsylvania, plants in the 1970s through the mid-1990s before allowing Techneglas to take over the operations.

Although it has not made asbestos-containing materials since 1958, Owens-Illinois invented, tested, manufactured and distributed KAYLO asbestos containing thermal pipe insulation from 1948 through 1958.[http://www.owenscorning.com/finre/asbestos.html History of Owens-Corning and Owens-Illinois and asbestos online] {{webarchive|url=https://web.archive.org/web/20110806231643/http://www.owenscorning.com/finre/asbestos.html |date=2011-08-06 }} Owens-Illinois remains a named defendant in numerous asbestos litigation matters throughout the U.S.[http://biz.yahoo.com/e/120209/oi10-k.html Owens Illinois 10-K for December 2, 2009 listing liabilities (search asbestos)] Some claims in these cases allege that Owens-Illinois was a participant in the seventh annual Saranac Seminar[http://www.hsl.wikispot.org/Saranac_Laboratory History of the Saranac Laboratory at Saranac Lake, New York] {{webarchive|url=https://web.archive.org/web/20120530082739/http://hsl.wikispot.org/Saranac_Laboratory |date=2012-05-30 }} when the cancer-causing potential of asbestos was studied in the 1950s.[https://caselaw.findlaw.com/il-court-of-appeals/1478361.html Dukes et al. v. Pneumo Abex (2008 Illinois appellate court opinion, search for Owens and Saranac)]

As a result of a pattern of violations producing repeat emissions, its Oregon plant was fined in August 2023 by the Oregon Department of Environmental Quality. This was their 10th fine.{{Cite web |last=Wozniacka |first=Gosia |date=2023-08-25 |title=Oregon's largest glass-bottle recycler fined 10th time for emissions violations |url=https://www.oregonlive.com/environment/2023/08/oregons-largest-glass-bottle-recycler-fined-10th-time-for-emissions-violations.html |access-date=2023-11-14 |website=oregonlive |language=en}}

In 2023, I-O Glass was penalized by the Federal Trade Commission for its use of illegal non-compete bindings placed on former employees of the company.https://www.ftc.gov/news-events/news/press-releases/2023/02/ftc-approves-final-orders-requiring-two-glass-container-manufacturers-drop-noncompete-restrictions

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{{Reflist}}

• {{official website|https://www.o-i.com}}

{{Finance links

| name = Owens-Illinois

| symbol = OI

| reuters = OI.N

| bloomberg = OI:US

| sec_cik = 812074

| yahoo = OI

| google = OI:NYSE

}}

• [https://glassbottlemarks.com/owens-illinois-glass-company/ O-I trademarks seen on their vintage glass containers]

{{Glass makers and brands}}

{{Toledo}}

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Category:Glassmaking companies of the United States

Category:American brands

Category:Asbestos

Category:Manufacturing companies based in Ohio

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Category:American companies established in 1929

Category:Manufacturing companies established in 1929

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Category:Companies listed on the New York Stock Exchange

Category:Former components of the Dow Jones Industrial Average

Category:Packaging companies of the United States

Category:1987 mergers and acquisitions

Category:Perrysburg, Ohio