Owens-Illinois Changes Its Trading Name

O-I has recently moved from its historical holding company structure to a more global approach in order to leverage its footprint and resource capabilities. Under new outside leadership for the first time in its history, the company says it has moved to strengthen key functional skills and become more externally focused. These changes have been reinforced by a key portfolio shift resulting from the acquisition of BSN Glasspack and the subsequent sale of the company's blow-molded plastic container business. Retaining a niche plastics presence in healthcare packaging and specialty closure systems, O-I's offering is now 88% glass packaging with more than 60% of its revenue base coming from outside of the US.