Ball Completes Sale Of Plastic Packaging Division
August 3, 2010
by Canadian Packaging Staff
On August 2, 2010, Ball Corporation announced the completion of the sale of its plastic packaging, Americas, business to Amcor Limited for approximately US$280 million.
The sale includes five U.S. plants that manufacture polyethylene terephthalate (PET) bottles and preforms and polypropylene bottles, as well as associated customer contracts and other related assets.
Ball’s plastics business employed approximately 1,000 people and had sales of $635 million in 2009. Manufacturing plants are located in Ames, Iowa; Batavia, Ill.; Bellevue, Ohio; Chino, Calif.; and Delran, N.J.; and research and development operations were based in Broomfield and Westminster, Colo.
Amcor is an Australian-headquartered multinational packaging company whose main products include PET plastic containers for the beverage industry and flexible packaging for food and healthcare segments.
Ball Corporation remains a supplier of high-quality packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government.