Tranche Update on O-I Glass, Inc. (NYSE:OI)'s Equity Buyback Plan announced on February 9, 2021.
April 26, 2022 at 04:31 pm
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From January 1, 2022 to March 31, 2022, the company has repurchased 764,501 shares, representing 0.49% for $9.98 million. With this, the company has completed the repurchase of 3,111,167 shares, representing 1.98% for $49.93 million under the buyback announced on February 9, 2021.
O-I Glass, Inc. is a manufacturer of glass container products. The Companyâs segments include the Americas and Europe. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices, and pharmaceuticals. The Company manufactures glass containers in a range of sizes, shapes, and colors. Its customers consist of food and beverage manufacturers, including Anheuser-Busch InBev, Brown-Forman, Carlsberg, Coca-Cola, Constellation, Diageo, Heineken, Molson Coors, Nestle, PepsiCo and Pernod Ricard. It has glass container manufacturing plants in the Americas region located in Brazil, Canada, Colombia, Ecuador, Mexico, Czech Republic, France, Germany, Hungary and the United States. It has a distribution facility in the United States used to import glass containers from its business in Mexico. It has approximately 69 plants in 19 countries.