Brockway Glass Company Explained

Brockway Glass Company
Former Name:Brockway Machine Bottle Company
Industry:Glass
Fate:Merged with Owens-Illinois[1]
Successor:Owens-Brockway Glass Container Inc.
Founded:1907
Defunct:1988
Hq Location City:Brockway, Pennsylvania
Hq Location Country:United States
Products:Bottles and other glass containers

Brockway Glass Company was founded in 1907 in Brockway, Pennsylvania by the Brockway Machine Bottle Company (which later became Brockway Glass). Brockway manufactured and sold glass containers and tubing along with plastic products manufactured through wholly owned subsidiaries. In 1964, Brockway bought several Hazel-Atlas Glass Company factories from the Continental Can Company as part of a lawsuit settlement.[2] In 1987, Owens-Illinois made a bid of $60 per share (worth $750 million) to acquire Brockway,[3] which was met with resistance by the Federal Trade Commission (FTC).[4] After a Federal District Judge denied the FTC's request for an injunction, Owens-Illinois acquired Brockway's shares.[1]

In 2018, the former Brockway Glass plant in Washington County, Pennsylvania, closed since the late 1980s, was awarded a $1.5 million grant from Pennsylvania’s Redevelopment Assistance Capital Program.[5]

Owens-Brockway Glass Container Inc.

The wholly owned subsidiary, Owens-Brockway Glass Containers Inc., was the result of the 1988 merger between Brockway and Owens-Illinois. Owens-Brockway Glass Container owns all of Owens-Illinois worldwide glass operations.[6]

Notes and References

  1. Web site: Brockway Bid Cleared. The New York Times. February 29, 1988.
  2. Web site: Brockway Glass Co., Inc.. Harvard Business School.
  3. Web site: Robert J. Cole. Brockway and Owens near link. The New York Times. September 18, 1987.
  4. Web site: Jonathan P. Hicks. Company News; F.T.C. Bars Owens Plan On Broadway. The New York Times. December 25, 1987.
  5. Web site: State awards $1.5M for development in Canton Township. bizjournals.com. 2018-09-05.
  6. Web site: Investors. O-I Phoenix. In 1929, The Owens Bottle Company, which operated several glass factories, acquired the assets of the Illinois Glass Company, a licensee, and changed its name to Owens-Illinois Glass Company. In the early 1965, recognizing the diverse nature of the Company's operations, our name was changed to Owens-Illinois, Inc..

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