Ball’s offer for Rexam PLC approved in U.S.
Federal Trade Commission also approves Ardagh Group’s acquisition of certain Rexam assets.
June 29, 2016
by Canadian Packaging staff
BROOMFIELD, COLORADO—The United States Federal Trade Commission (FTC) has formally approved Ball Corporation’s proposed acquisition of Rexam PLC, granting final regulatory clearance in the U.S. The FTC has also formally approved Ardagh Group‘s proposed acquisition of certain Rexam PLC assets in the U.S.
Upon closing the proposed offer for Rexam PLC, Ball will operate its 16 existing metal beverage packaging manufacturing plants in the U.S., Canada and Mexico; its Rocky Mountain Metal Container joint venture in Golden, Colorado; and Rexam’s beverage can manufacturing plants in Phoenix, Arizona; Chatsworth, California; St Paul, Minnesota; Longview, Texas; Kent, Washington; and Queretaro, Mexico; end manufacturing plant in Birmingham, Alabama; and joint ventures in Amatitlan, Guatemala and Cristobal, Panama. The North and Central America regional office and innovation center will operate from Ball’s existing Westminster, Colorado, locations.
Ball received final unconditional regulatory clearance in Brazil on June 8 and in Europe on June 17. Following closing of the transaction, Ball will remain a New York Stock Exchange listed company domiciled in the U.S.
About Ball Corporation
Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 15,200 people worldwide and reported 2015 sales of $8 billion. For more information, visit www.ball.com.