Owens-Illinois Will Struggle With Waning Volume and Increased Competition From Aluminum Cans
The purchase of Nueva Fenal, a Modelo bottle-making facility near Mexico City, continues the sustained pivot toward emerging market diets for Owens-Illinois. The purchase makes strategic sense for the firm, as we think Mexican beer consumption will continue to rise, supporting both sales and profits for the facility. We don't have anti-trust concerns, given that the facility previously served Anheuser-Busch Inbev (AB InBev) exclusively and is poised to continue doing so. Based on the $188 millio...Owens-Illinois is a manufacturer of glass containers. The company has three reportable segments based on its geographic locations: Americas, Europe, and Asia Pacific. 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. The company also provides engineering support for its glass manufacturing operations through facilities located in the U.S., Australia, France, Poland and Peru.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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