O&o shutup 102/15/2024 ![]() Owens-Illinois was a part of the Dow Jones Industrial Average from June 1, 1959, until March 12, 1987. In July 2007 O-I completed the sale of its entire plastics packaging business to Rexam PLC, a UK listed packaging manufacturer. Plastics packaging products manufactured by O-I included containers, closures, and prescription containers. Until July 2007, the company was also a worldwide manufacturer of plastics packaging with operations in North America, South America, Asia-Pacific and Europe. In 1971 Owens-Illinois produced an early commercial plasma display, the digivue. Six years later, Owens-Illinois merged with Corning Incorporated to form Owens Corning. In 1929, the Owens Bottle Company merged with Illinois Glass Company to become Owens-Illinois, Inc. The company is the successor to the Owens Bottle Company founded in 1903 by Michael Joseph Owens, who made the first automated bottle-making machine, and Edward Drummond Libbey. The headquarters were moved in late 2006 to the Levis Commons complex in Perrysburg, Ohio. ![]() The company's headquarters were previously located in One SeaGate, Toledo, Ohio, a local landmark. While legally known as Owens-Illinois, Inc., the company changed its trade name to O-I in 2005 to group its global operations under a single, cross-language and cross-culture brand name.
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