Business NEWS
Ball Corp Acquires Four Metal Beverage Packaging Plants From AB InBev
By Thomas Frommherz for CEOWORLD Magazine Updated:October 4, 2009
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Ball Corporation (NYSE: BLL) today completed its acquisition of certain of AB InBev’s U.S. beverage can manufacturing assets.
Ball acquired four of AB InBev’s plants, including associated contracts, for $577 million, subject to customary post-closing adjustments. The facilities are beverage can manufacturing plants in Rome, Ga.; Columbus, Ohio; and Ft. Atkinson, Wis., and a beverage can end manufacturing plant in Gainesville, Fla.
The four plants produce annually approximately 10 billion aluminum cans and 10 billion can ends. More than two-thirds of the cans are produced for leading soft drink companies and the rest for AB InBev. The facilities employ approximately 635 people.
Ball Corporation is a supplier of high-quality metal and plastic packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. Ball Corporation and its subsidiaries employ more than 14,500 people worldwide and reported 2008 sales of approximately $7.6 billion. For the latest Ball news and for other company information, please visit www.ball.com.
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