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San Pedro Garza García, Nuevo León, December 10, 2018 - The leading glass producer in North America, Vitro, S.A.B. of C.V. (BMV: VITROA), hereinafter "Vitro" or the "Company", announced today that the Board of Directors has decided to suspend until further notice the proposed process to initiate a public offer to re-purchase shares. The Company believes that it is a better use of capital to maintain liquidity in the event attractive investment opportunities arise in the future.
Vitro, S.A.B. de C.V. (BMV: VITROA) is the leading glass manufacturer in Mexico and one of the world’s major companies in its industry, backed by more than 100 years of experience. Founded in 1909 in Monterrey, Mexico, the Company has subsidiaries in the Americas, offering quality products and reliable services to meet the needs of two businesses: glass containers and flat glass. Companies of Vitro produce, process, distribute, and market a wide range of glass articles, which are part of the daily life of thousands of people. Vitro offers solutions for multiple markets, including cosmetic, pharmaceutical and toiletries, as well as architectural and automotive. The Company is also a supplier of chemical products and raw material, machinery, molds and equipment for industrial use. As a socially responsible organization, Vitro works on several initiatives aligned to its Sustainability Model, aiming to create a positive influence in the economic, social, and environmental aspects relevant to its stakeholders, in a responsible corporate management framework.