Mexico's Vitro in $950 mln bottle-making deal with Constellation

MEXICO CITY Thu Aug 14, 2014 4:04pm EDT

Related Topics

MEXICO CITY Aug 14 (Reuters) - Mexico's top glass-making company Vitro said on Thursday that it has signed a $950 million deal to make 7.3 billion beer bottles for U.S.-based firm Constellation Brands over the next seven years.

Last year, Vitro's sales totaled $1.68 billion.

Constellations Brands is a producer and marketer of beer, wine and spirits with operations in the U.S., Canada, New Zealand and Italy.

Vitro said separately it was exploring a possible deal to sell its food and beverage-packaging unit. It said it also plans to invest $90 million to build a new fragrance bottling plant in Brazil.

(Reporting by Veronica Gomez)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article