Constellation Brands has closed the acquisition of glass plant and related warehouse in Nava, Mexico from Belgian brewing major Anheuser-Busch InBev in a transaction valued at $300m.

Besides, the firm has also formed a joint venture (JV) with Owens-Illinois (O-I) to own and operate new glass container facility.

O-I will also oversee the operations of the plant including purchasing, technical services and the expansion plans.

The acquisition also includes Anheuser-Busch InBev’s land and rail infrastructure.

Constellation Brands president and CEO Rob Sands said: "The acquisition of the glass plant and the formation of the joint venture play a significant role in our long-term glass sourcing strategy for our beer business.

"This strategy gives us greater control over our glass needs in terms of quality, flexibility, and cost-effectiveness. We look forward to working with O-I and the employees at the glass plant to continue to provide high-quality glass for Constellation’s growing beer business. We are also very excited to be investing in the facility, which will likely bring new opportunities to the employees and the Nava community."

Meanwhile, Constellation intends to boost glass production capacity at the Nava brewery from one furnace to four furnaces over the next four years.

Once the expansion is complete, the facility will be capable of supplying over 50% of the glass packaging requirements for the company’s US beer business.

The expansion of the facility will see the number of employees working at the plant to increase to nearly 800 people from the present 260.