Vitro Enters Discussions with Libbey Inc. to Sell 51 percent of Vitrocrisa

Vitro S.A. de C.V., the Mexican glass company involved in flat, container and glassware production, has announced that it is in discussions to pursue the sale of its 51-percent stake in Vitrocrisa to Libbey Inc.

Vitrocrisa is a joint venture between Vitro and Libbey, and is a manufacturer of glass tableware in Mexico. Currently, Libbey owns 49 percent of the company shares and serves as Vitrocrisa's exclusive distributor in the United States and Canada.

Vitrocrisa had annual sales of $236 million in 2004.

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