UPDATE 3-Owens-Illinois to buy Mexico's Vitro's glass container business

miércoles 13 de mayo de 2015 12:55 GYT

* $2.15 bln deal to boost O-I's Mexican operations

* Mexican glass market to grow 9 pct from 2014 to 2018

* Deal to boost O-I's FY sales by 11 pct to $7.51 bln

* O-I shares rise 10.7 pct, Vitro hits record high (Updates with Vitro share price)

By Ankit Ajmera

May 13 (Reuters) - Owens-Illinois Inc, which makes bottles for Corona and Pepsi, is to buy Mexico's Vitro SAB's glass container business for about $2.15 billion to strengthen its operations in a country that houses numerous distilleries and bottlers.

Shares of O-I, the world's largest glass container maker, jumped as much as 10.7 percent, while Vitro's rose as much as 22.6 percent to a record high on Wednesday.

Mexico hosts operations for Diageo, Heineken and Corona maker Constellation Brands Inc as well as bottling operations for Coca-Cola and PepsiCo - all of which are customers of O-I and Vitro.

O-I will get Vitro's five plants in Mexico and one in Bolivia, potentially giving it additional customers such as tequila makers Jose Cuervo and Sauza and salsa maker Herdez .   Continuación...