Ball To Acquire Four Beverage Packaging Plants
By Canadian Packaging StaffGeneral acquisition Anheuser-Busch InBev Ball Corporation
Ball Corporation, headquartered in Broomfield, Colorado has it has signed an agreement with Anheuser-Busch InBev (AB InBev) to acquire certain of AB InBev’s beverage can manufacturing assets. Ball 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.
For US $577-million, Ball will acquire four AB InBev beverage can manufacturing plants located in: Rome, Ga.; Columbus, Ohio; and Ft. Atkinson, Wis., and a beverage can end manufacturing plant in Gainesville, Fla.
In the first full year of operation, Ball expects the plants to generate revenue and EBITDA of approximately $680 million and $94 million, respectively. The plants produce annually about 10 billion aluminum cans and 10 billion easy-open 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.
The transaction is expected to close at the end of the year or early in the first quarter of 2010, subject to regulatory approval, and be accretive to Ball’s earnings and cash flow in 2010.
For more information, visit www.ball.com.