Robeco Groep, a Netherlands based independent asset management company, has agreed to purchase Harbor Capital Advisors of Toledo, Ohio from Owens-Illinois, a manufacturer of glass and plastic packaging, for up to $490 million in cash, Robeco Group has announced.
Harbor Capitol Advisors oversees the Harbor Fund family of mutual funds, as well as Owens-Illinois pension funds. Harbor Fund has $14 billion in assets under management. Overall, Harbor Capital Advisors oversees $17 billion in assets. It is expected that Harbor Capital Advisors offices will remain in Toledo. Harbors management will probably be retained, according to the announcement.