Ceramic Industry News

Vitro Sells its Ampolletas Stake to Gerresheimer Glas

April 23, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
Vitro, S.A. de C.V. recently announced that it has sold its 51% interest in Ampolletas, S.A. to its joint partner, Gerresheimer Glas AG. Vitro will receive net proceeds in cash of $13.4 million, which will be dedicated to reduce debt. Also, the divestiture will positively impact Vitro's debt, which will be additionally reduced as a result of the sale by $7.8 million on a consolidated basis. Ampolletas, S.A. was a 51-49 joint venture between Vitro and Gerresheimer Glas AG and is the largest manufacturer of tubing-glass packaging for pharmaceuticals in Mexico and Central America. The German-based Gerresheimer Glas AG is one of the leading international suppliers of high-quality packaging and system solutions using tubular, specialty and container glass, and also plastic.

The company's website is located at http://www.vitro.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px