Libbey Glass to Expand Via New Product Offerings
Source International Valued Client Libbey Glass to Expand Business
It was reported in the Toledo Blade on June 26, 2016 that one of Source International’s valued clients, world renowned glassware manufacturer/provider Libbey Glass, is set to expand their business via a new initiative to reposition its focus as a more consumer-oriented firm. The new initiative, headed up by new CEO Bill Foley, is looking to get in more in touch with the specific needs of everyday consumers in order to develop and provide new products which are more in line with customer preferences.
Libbey Glass, founded in 1818, is the largest provider of glassware products in the United States and is the leader in market share in both the food service and retail segments of their industry. By Libbey’s own estimations, they control approximately 60% of the US food service market.
In 2015, Libbey reported a $66 million USD profit on sales of $822 million USD—sales are expected to increase about 1 percent in 2016.
Source International is proud to have been named a Libbey Glass Outstanding Supplier in 2010,2011, and 2015. In addition, Source International was particularly honored to have the distinction of being named Libbey Vendor of the Year in 2014.
To read more about Libbey’s new business endeavors, please follow the link below to read the Toledo Blade article:
At Source International, our mission is to Supply Partnerships for Our Customer’s Success. Contact us today to learn more about how we can help you manage and optimize your Asian manufacturing and supply chain endeavors. We also welcome you to visit our offices in Louisville, USA and/or Xiamen, China to experience firsthand the scope of our operations.