COURBEVOIE, France, Sept. 5 (UPI) -- Saint-Gobain SA has acquired control of BO Glass Containers SA, which is building a wine bottling plant in Rosario, Chile.
The French company bought a 51-percent stake of the company, which will be known as Saint-Gobain Envases SA, officials said Tuesday. The value of the deal was not immediately disclosed.
With this acquisition, Saint-Gobain will become the second largest wine bottle manufacturer in Chile.
"It will also speed up its growth in one of the world's most dynamic wine industries," Saint-Gobain said in a statement. "This new position will also enable Saint-Gobain, the leading European and the world's second largest packaging glass manufacturer, to work apace with the Chilean wine industry and its remarkable growth, especially on the export market."
