Owens-Illinois Inc. was founded in 1903 by Michael J. Owens. Owens invented the automatic bottle-making machine.
Today Owens-Illinois is still the legal name of the company, but it changed its trade name to O-I in 2005.
The company continues to specialize container glass products and one in every two glass containers made worldwide is made by O-I, or its licensees or affiliates.
O-I also manufactured plastic products until 2007 when the company sold its entire plastics business to Rexam PLC, a U.K. packaging manufacturer.
O-I is traded publicly on the New York Stock exchange under the ticker symbol OI, is a member of the S&P 500, is #321 in the Fortune 500, has 22,500 employees, and had $6.98 billion in revenue in 2013.