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. Harbor’s management will probably be retained, according to the announcement.

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