16 Jul 2020 --- Owens-Illinois (O-I) Glass has entered into a definitive agreement to sell its Australia and New Zealand (ANZ) business unit to Visy Industries (Visy), one of the world’s largest privately-owned packaging and resource recovery companies, for approximately AUD$947 million (US$663 million). The deal, which is expected to be completed by the end of July, is one of the biggest manufacturing acquisitions by an Australian-owned business in Australian business history. Headquartered in Melbourne, the business generated sales of approximately AUD$754 million (US$529 million) and EBITDA of approximately AUD$124 million (US$87 million) in 2019.
