From Ohio History Central
During the late 1800s, Toledo, Ohio, was the site of large supplies of natural gas and high silica-content sandstone -- two items necessary for glass manufacturing. Numerous companies either formed in or relocated to Toledo, including the New England Glass Company, which relocated to Toledo in 1888. This same year, the company's owner, Edward Drummond Libbey, hired Michael J. Owens, a former resident of Newark, Ohio.
Within a short time, Owens had become a plant manager for Libbey in Findlay, Ohio. At this point in time, glass manufacturers in the United States had to blow glass to produce the bottles. This was a slow and tedious process. Owens sought to invent a machine that could manufacture glass bottles, rather than having to rely on skilled laborers, greatly speeding up the manufacturing process. On August 2, 1904, Owens patented a machine that could automatically manufacture glass bottles. This machine could produce four bottles per second. Owens's invention revolutionized the glass industry. His machine also helped cause tremendous growth in the soft drink and beer industries, as these firms now had a less expensive way of packaging their products.
In 1903, after Owens had invented his bottle machine but before he had patented the invention, Owens formed the Owens Bottle Machine Company in Toledo. Libbey helped finance Owens's company. This firm initially manufactured Owens's bottle machine. By 1919, the firm had begun to manufacture bottles, and the company changed its name to the Owens Bottle Company. The company grew quickly, acquiring the Illinois Glass Company in 1929. The Owens Bottle Company became known as the Owens-Illinois Glass Company this same year. In 1965, the company changed its name one final time. It became and remains known as Owens-Illinois, Inc.