Ball to acquire four beverage packaging plants from AB InBev

Facilities produce annually approximately 10 billion cans and 10 billion can ends

-- Packaging Digest, 7/1/2009 12:16:00 PM

Ball Corporation announced that it has signed a definitive agreement with Anheuser-Busch InBev to acquire certain of AB InBev's beverage can manufacturing assets.

Ball will acquire four of AB InBev's plants in the U.S. for $577 million. The facilities being acquired are beverage can manufacturing plants 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.

"This acquisition fits well with our strategy to grow our worldwide beverage can business," said R. David Hoover, chairman, president and chief executive officer of Ball Corporation. "These are well-maintained, high-volume manufacturing assets that are run by very skilled, experienced can and end makers. We will vigorously pursue what we see as significant opportunities to share best practices, realize synergies and improve overall performance."

Source: Ball Corporation

Talkback

» Submit Feedback

Great company = It is maximizing shareholder value by closing (currently profitable) plant in NY State and expanding in states whose governments are less costly (and/or predatory) for business.

the greatest stimulus plan would be to end the social vote-purchasing payments and instead support industry, especially manufacturing, alone.

Tim Redmond - 2009-2-7 11:28:00 EDT

» Submit Feedback

Featured Company

SATO

SATO is a pioneer and leading global provider of integrated Automatic Identification and Data Collection solutions that leverage barcode and RFID technologies. SATO manufactures innovative, reliable auto-identification systems and offers complete... more
Bosch Packaging Technology

Bosch Packaging Technology, Inc. is one of the world's leading suppliers of packaging machinery. Our diverse portfolio of packaging machines, including the well known Doboy brand, includes robotic automation with pick & place robots (delta robots)... more
A-B-C Packaging Machine Corporation

For over 69 years, A-B-C has led the industry with innovative case erectors, packers, sealers, palletizers, depalletizers and more-- built to save money and reduce labor on the packaging line. Today, our work continues as we develop machines to... more
Adept Technology

Adept Technology is a global, leading provider of intelligent robotics systems that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing and other automated processes. Adept's... more
VISION RESEARCH

Vision Research designs and manufactures high-speed digital imaging systems used in applications including defense, automotive, engineering, science, medical research, industrial manufacturing and packaging, sports and entertainment, and digital... more
Shibuya Hoppman Corporation

Shibuya Hoppmann, a leading systems integrator, effectively responds to your needs using our innovative approaches towards technology, quality, reliability, experience and customer service. We want to be your preferred packaging machinery... more
Plastic Ingenuity

Plastic Ingenuity provides custom solutions for your unique thermoformed packaging needs for the food, retail, cell phone, medical, cosmetic, and other industries. Offering a wide variety of materials, including bio materials such as PLA, PSM, and... more
Wayne Automation Corporation

Through innovation and experience, Wayne Automation has developed a comprehensive line of packaging equipment built for reliability and long system life. Our product line includes: Case Erectors, Sealers, Partition Inserters, Tray Formers... more
Glue Dots International

Founded in 1995, Glue Dots International revolutionized the adhesives industry with pressure sensitive Glue Dots Brand Adhesive Products. Located in New Berlin, Wisconsin, Glue Dots holds several patents and continues to develop new, efficient... more
Diagraph, An ITW Company

Diagraph offers world-class marking, inkjet coding, and labeling systems for your RFID and product identification needs. Our product line includes a diverse line of industrial ink jet solutions including: small character continuous ink jet coding... more
Cognex Corporation

Cognex Corporation is the world's leading provider of vision systems, vision software, vision sensors, industrial ID readers and surface inspection systems used in manufacturing automation. Cognex helps companies improve product quality, eliminate... more
ID Technology

ID Technology (IDT), a division of Pro Mach, is a manufacturer and integrator of labeling, coding, and marking systems and solutions. With 17 regional facilities, IDT provides responsive service and support to fit our customers individual needs... more
Advanced Poly-Packaging, Inc.

that are fast, simple and money-saving! High quality poly bags, tabletop & production baggers and conveyors, scales and parts counters. Mail order, many foods, medical/pharmaceutical and more... more