Business & Finance: Libbey to Levis

Last week able William Edward Levis, head of Owens-Illinois Glass Co., took over Libbey Glass Manufacturing Co. Libbey makes tumblers, glasses, finger-bowls, pitchers, all manner of glass tableware, is not to be confused with Libbey-Owens-Ford which makes plate glass. With the glass business, like the bottle business, boomed by Repeal, Libbey should earn about $500,000 in 1935. Mr. Levis paid for the Libbey company with 47,200 shares of Owens-Illinois stock which closed last week at 106 and so constituted a $5,000,000 consideration. Libbey will operate as an Owens-Illinois division with President Joseph W. Robinson continuing as its head.

Owens-Illinois makes more than...

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