Friday, Jun 22, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Libbey buys business making plastic products

Libbey, Inc., of Toledo, the biggest U.S. glassware maker, said yesterday it has purchased Menasha Corp.'s Traex business to add plastic products to its line of wares.

Terms of the transaction, announced after the stock markets closed, weren't disclosed. The purchase will add $17 million to $18 million in annual sales and 3 cents to 5 cents in earnings per share in the first year, the company said.

Traex makes glassware washing and storage racks, trays, and other products for restaurants and hotels and has about 100 employees.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…