In August 1999, CVC Funds acquired a stake in BSN Glasspack, a group formed by the merger of the glass packaging businesses of the French food group Danone and the German group Gerresheimer. In June 2003, CVC Funds acquired the remaining stake from Danone.
BSN Glasspack manufactured glass packaging for food and beverages, such as beer, wine, spirits and soft drinks. In June 2004, BSN Glasspack was sold to Owens-Illinois Inc., based in Lausanne, Switzerland. The company today has operations in 11 European countries, including 39 plants and 78 furnaces, manufacturing up to 5000 different glass package shapes and ship daily to more than 52 countries across the world.