Brockway Glass
| Type | Corporation |
|---|---|
| Industry | Glass manufacturer |
| Fate | Merged with Owens-Illinois Inc. in 1988 [1] |
| Successor(s) | Owens-Brockway Glass Container Inc. |
| Founded | 1907 |
| Headquarters | Brockway, Pennsylvania, USA |
Brockway Glass Company Inc. was founded in 1907 in Brockway, Pennsylvania by the Brockway Machine Bottle Company (which later became Brockway Glass). Brockway manufactured and sold glass containers and tubing, along with plastic products manufactured through wholly owned subsidiaries. In 1964 Brockway bought several Hazel-Atlas Glass Company factories from the Continental Can Company as part of a lawsuit settlement.[2] In 1987 Owens-Illinois made a bid of $60 per share (worth $750million) to acquire Brockway,[3] which was met with resistance by the FTC.[4] After a Federal District Judge denied the FTC's request for an injunction, Owens-Illinois acquired Brockway's shares.[5]
Owens-Brockway Glass Container Inc.
The wholly owned subsidiary Owens-Brockway Glass Containers Inc., was the result of the 1988 merger between Brockway and Owens-Illinois. Owens-Brockway Glass Containers owns all of Owens-Illinois worldwide glass operations.[6]
References
- ↑ http://www.nytimes.com/1988/02/29/business/brockway-bid-cleared.html
- ↑ http://www.library.hbs.edu/hc/lehman/chrono.html?company=brockway_glass_co_inc
- ↑ http://www.nytimes.com/1987/09/18/business/brockway-and-owens-near-link.html?pagewanted=2
- ↑ http://www.nytimes.com/1987/12/25/business/company-news-ftc-bars-owens-plan-on-brockway.html
- ↑ http://www.nytimes.com/1988/02/29/business/brockway-bid-cleared.html
- ↑ http://investors.o-i.com/phoenix.zhtml?c=88324&p=irol-faq#22220