PERRYSBURG, Ohio, Feb. 17, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

Paddock Enterprises, LLC (“Paddock”), a wholly owned subsidiary of O-I Glass, Inc. (“O-I Glass”), today announced that it has received approval from the United States Bankruptcy Court for the District of Delaware (the “Court”) of its disclosure statement (“Disclosure Statement”) in connection with soliciting votes on its Plan of Reorganization (the “Plan”). The Plan, which is jointly proposed with the Asbestos Claimants’ Committee, the Future Claimants’ Representative, and O-I Glass, would bring a permanent resolution to all current and future asbestos personal injury claims (“Asbestos Claims”) against Paddock.