Owens-Illinois, Inc.

Owens-Illinois, Inc.

Owens-Illinois, Inc.

Overview
Date Founded

1987

Headquarters

One Michael Owens Way,Perrysburg, OH 43551-2999

Type of Company

Public

Employees (Worldwide)

26.5K

Industries

Other Manufacturing
Plastics & Synthetics
Paper Products
Industrial Machinery & Manufacturing
Food

Company Description

Owens-Illinois, Inc. engages in the manufacture and supply of glass containers for beverages. It provides glass packaging for food items such as soft drinks, teas, juices, and pharmaceuticals. The company was founded by Michael J. Owens in 1903 and is headquartered in Perrysburg, OH.

Contact Data
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Executives & Employees

Senior Vice President & Chief Financial Officer

Corporate Secretary, Senior Vice President & General Counsel

Chief Administrative Officer, Senior Vice President, General Counsel & Corporate Secretary

Chief Technology Officer & Senior Vice President

Senior Vice President & Chief Human Resources Officer

President-O-I Americas

President, O-I Europe

President, O-I Asia Pacific

Senior Vice President & Chief Sales & Marketing Officer

Vice President & Chief Process Improvement Officer

Board of Directors

Board of Trustees-Term Trustees at Carnegie Mellon University

Partner Marketing Manager at United Airlines, Inc.

Operating Partner at Ae Industrial Partners LP

Former President & Chief Executive Officer at Olin Corp.

Director & Vice President at GeneInsight, Inc.

Former Interim Chief Executive Officer at Delphi Technologies Plc

Former President, Food & Ingredients at Bunge Ltd.

Former Chief Executive Officer at Hanson Ltd.

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Owens-Illinois, Inc.
Owners & Shareholders
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FPA uses a variety of sources of information to facilitate methods of analysis. In formulating investment strategies, they may consult with research analysts, specific broker-dealers, economists and others. The firm may also attend company presentations, participate in interviews and industry sponsored conferences and may also engage in discussions with management and others having business with the company or expertise in a particular industry. FPA's equity and fixed income styles are linked by a common fundamental value orientation. The firm provides management services primarily in a value investment style for the following products: Absolute Fixed Income, Contrarian Value, International Value, Small/Mid-Cap Absolute Value, US Value, and World Value. They may also develop other investment strategies from time to time and manage portfolios according to a client's specific investment guidelines, thus strategies may vary by client account.

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Atlantic Investment Management's (AIM) invests in global equities, with a singular focus on achieving superior capital appreciation through the consistent and disciplined implementation of a unique value investing approach, concentrating capital and research on high conviction investments. The firm also proactively engages with management teams and boards of directors of their portfolio companies in an effort to create value through an approach they refer to as Constructive Shareholder Activism.

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Lyrical Asset Management employs a value investment approach. They believe that a portfolio of companies with low valuations relative to their long-term normalized earnings power will outperform the overall market over time. The firm's philosophy is to invest only in businesses that they believe are of high quality. Investments are limited to publicly-traded equity securities and cash equivalents. Clients may impose restrictions on investing in certain securities or types of securities. Lyrical Asset Management begins with a universe of the top 1,000 US stocks (market-cap around $3 billion), and then uses a proprietary screen to generate investment candidates. The screen estimates a fair price for each stock applying a normalized multiple to an estimate of 5-year forward normalized earnings, which is calculated by taking the historical earnings trend line of a company and consensus estimates for future earnings and statistically extrapolating forward 5 years. Each portfolio candidate/stock idea goes through a fundamental research process. This process is designed to develop an understanding of the business, including drivers of growth and profitability, competitive advantages, position and leverage with customers and suppliers, historical and potential business threats/opportunities, and management style, objectives and incentives. Attractive investment ideas are considered for inclusion in the portfolio. These are companies where Lyrical believes the investment controversy to be temporary, where the underlying business has sufficient quality and durability, and where the discount in the stock price is large enough to compensate for the risks of the investment.

Recent Transactions
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Owens-Illinois, Inc., Owens-Brockway Glass Container, Inc. purchase Vitro SAB de CV /Food & Beverage Glass Container Bus from Vitro SAB de CV

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Owens-Illinois, Inc. purchases Verrerie du Languedoc & Cie SNC from Compagnie de Saint-Gobain SA

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Owens-Illinois, Inc. purchases Owens-Illinois do Brasil Industria e Comercio Ltda. from Monteiro Aranha SA

Transaction Advisors
Accountant

Advised onOwens-Illinois, Inc. purchases Invensys Plc /BTR Glass & Plastic Packaging Business from BTR Plc

Legal Advisor

Advised onOwens-Illinois, Inc. purchases Invensys Plc /BTR Glass & Plastic Packaging Business from BTR Plc

Legal Advisor

Advised onOwens-Illinois, Inc. purchases BSN Glasspack SA from Glasspack Participations SA, CVC Advisers Ltd.

Legal Advisor

Advised onOwens-Illinois, Inc. purchases BSN Glasspack SA from Glasspack Participations SA, CVC Advisers Ltd.

Legal Advisor

Advised onOwens-Illinois, Inc. purchases BSN Glasspack SA from Glasspack Participations SA, CVC Advisers Ltd.

Legal Advisor

Advised onRexam Ltd. purchases OI Plastic Products FTS, Inc. from Owens-Illinois, Inc.

Advisors & Consultants
Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Latham & Watkins LLP

Clients

PepsiCo, Inc. engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; North America Beverages; Latin America; Europe Sub-Saharan Africa; and Asia, Middle East, and North Africa. The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay's, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands. The Quaker Foods North America segment includes cereals, rice, and pasta under the Quaker, Aunt Jemima, Quaker Chewy, Cap'n Crunch, Life, and Rice-A-Roni brands. The North America Beverages segment consists of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist, and Mug. The Latin America segment covers beverage, food, and snack businesses in Latin America region. The Europe Sub-Saharan Africa segment comprises of beverage, food, and snack goods in Europe and Sub-Saharan Africa regions. The Asia, Middle East, and North Africa segment offers snack food products under the Lay's, Kurkure, Chipsy, Doritos, Cheetos, and Crunchy brands. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.

Molson Coors Brewing Co. is a holding company, which engages in the provision of beer. It operates through the following segments: United States, Canada, Europe, International, and Corporate. The United States segment consists of production, marketing and sales of its brands, and other owned and licensed brands in the United States. The Canada segment includes production, marketing and sales of its brands, and other owned and licensed brands in Canada. The Europe segment comprises of production, marketing and sales of its brands as well as a number of regional brands in the United Kingdom, Republic of Ireland, and Central Europe. The International segment focuses its operations on Latin America, Europe, Asia Pacific, and Africa. The Corporate segment represents interest and certain other general and administrative costs that are not allocated to any of the operating segments. It operates under the brands Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, taropramen, Carling, Molson Canadian, Creemore Springs, Cobra, Doom Bar, Henry's Hard and Leinenkugel's. The company was founded in 1786 and is headquartered in Denver, CO.

Anheuser-Busch InBev SA/NV operates as a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Latin America West, Latin America North, Latin America South, EMEA, Asia Pacific and Global Export and Holding Companies. The Global Export and Holding Companies segment includes the global headquarters and the export businesses in other countries. Its brands include Budweiser, Corona and Stella Artois; multi-country brands Beck's, Castle, Castle Lite, Hoegaarden and Leffe; and local champions, such as Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol. The company was founded in 2008 and is headquartered in Leuven, Belgium.

Key Stats and Financials As of 2018
Market Capitalization
$1.66B
Total Enterprise Value
$7.74B
Earnings Per Share
$1.59
Revenue
$6.88B
Net Profit
$257M
Total Debt
$5.34B
Total Equity
$900M
EBITDA
$1.13B
EBITDAMargin
16.49%
Enterprise Value Sales
1.13x
Enterprise Value EBITDAOperating
6.82x
TEVNet Income
30.11x
Debt TEV
0.69x
Three Year Compounded Annual Growth Rate Of Revenue
3.76%
Five Year Compounded Annual Growth Rate Of Revenue
-0.26%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,600
2014
$1,500
2014
Suppliers
Tata Chemicals Ltd. Chemicals | Mumbai, MA

Tata Chemicals Limited is a global company with interests in businesses that focus on LIFE: Living, Industry and Farm Essentials. The story of the company is about harnessing the fruits of science for goals that go beyond business. This story began in Mithapur, Gujarat in western India with the creation of a plant that would raise a wealth of marine chemicals from the ocean, with the potential to touch human lives in many ways. From these humble beginnings a market-leading international business has been created, with operations across four continents. Through its living essentials portfolio the company has positively impacted the lives of millions of Indians. Tata Chemicals is the pioneer and market leader in India’s branded Iodised salt segment. With the introduction of an innovative, low-cost, nanotechnology-based water purifier, it is providing affordable, safe drinking water to the masses. Tata Chemicals is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company’s industry essentials product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products. With its farm essentials portfolio the company has carved a niche in India as a crop nutrients provider. It is a leading manufacturer of urea and phosphatic fertilisers and, through its subsidiary, Rallis, has a strong position in the crop protection business. The Tata Chemicals Innovation Centre is home to world-class R&D capabilities in the emerging areas of nanotechnology and biotechnology. The company’s Centre for Agri-Solutions and Technology provides advice on farming solutions and crop nutrition practices. The company has also entered into a JV with Singapore’s Temasek Life Sciences Laboratory (Joil) to develop jatropha seedlings to enable bio fuels capability. In line with its mission, ‘serving society through science’, the company is applying its expertise in sciences, to develop high-tech and sustainable products.

Cooper Energy Ltd. Oil & Gas | Adelaide, SA

Cooper Energy Ltd. is an oil and gas exploration and development company. The company's exploration tenements include Cooper basin, Otway basin and Gippsland basin located in Australia; South Sumatra basin located in Indonesia; and Pelagian basin located in Tunisia. Cooper Energy is headquartered in Adelaide, Australia.

Mersen SA Wholesale: Consumer Durables | Courbevoie, IF

Mersen SA provides materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment. The firm designs solutions to address its client's specific needs to enable them to optimize their manufacturing process in the sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries. It operates its business through two segments: Advanced Materials & Technologies and Electrical Components & Technologies. The Advanced Materials & Technologies segment markets a range of graphite and metal equipment catering to highly exacting industrial environments. The Electrical Components & Technologies segment markets components and systems for distributing and controlling energy. The company was founded on January 1, 1937 and is headquartered in Courbevoie, France.

Competitors
Loews Corp. Hotels, Resorts, and Cruiselines - NEW YORK, NY

Loews Corporation is one of the largest diversified holding companies in the United States, with five operating subsidiaries: CNA Financial Corporation, one of the largest U.S. commercial property-casualty insurers; Diamond Offshore Drilling, Inc., one of the world’s largest offshore drilling companies; HighMount Exploration & Production LLC, a domestic natural gas exploration and production company; Boardwalk Pipeline Partners, LP, an operator of interstate natural gas pipeline systems; and Loews Hotels, one of the country’s top luxury lodging companies.

Reynolds Group Holdings Ltd. Paper Products - Auckland, AU

Reynolds Group Holdings Ltd. manufactures and supplies consumer beverage and foodservice packaging products. The company operates its business through the following segments: Reynolds Consumer Products, Pactiv Foodservice, Graham Packaging, Evergreen and Closures. The Reynolds Consumer Products segment engages in making branded and store branded consumer products including aluminum foil, wraps, waste bags, food storage bags, and disposable tableware and cookware. The Pactiv Foodservice segment manufactures foodservices and food packaging products. . The Graham Packaging segment designs blow-molded plastic containers for consumer products. The Evergreen segment manufactures carton packaging for beverage products. The Closures segment produces plastic and aluminum beverage caps, closures, and rotary capping equipment. Reynolds Group Holdings was founded on May 30, 2006 and is headquartered in Auckland, New Zealand.

Ball Corporation Metal Manufacturing & Products - BROOMFIELD, CO

Ball Corp. provides metal packaging for beverages, foods and household products. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; and Aerospace. The Beverage Packaging, North and Central America segment sold under multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks and other beverages. The Beverage Packaging, South America segment sales volumes of beverage containers in South America, and manufacture substantially all of the metal beverage containers in Brazil. The Beverage Packaging, Europe segment sales volumes of metal beverage containers in Europe, and other packaging materials used by the European beer and carbonated soft drink industries. The Aerospace segment provides diversified technical services and products to government agencies, prime contractors and commercial organizations for a broad range of information warfare, electronic warfare, avionics, intelligence, training and space system needs. The company was founded by Edmund Burke Ball, Frank Clayton Ball, George A. Ball, Lucius Lorenzo Ball and William Charles Ball in 1880 and is headquartered in Broomfield, CO.

Awards & Honors
Rank #418
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #418
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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