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

Teledyne Dalsa

Teledyne DALSA is a world leader in the design, manufacture and deployment of digital imaging components for the machine vision market. Teledyne DALSA image sensors, cameras, smart cameras, frame grabbers, software, and vision solutions are used... more
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
ECONOCORP, INC.

ECONOCORP, INC. is a leading worldwide manufacturer of ECONOSEAL cartoning, trayforming, and casepacking caters to moderate volume users and features simplicity in design, operation, and maintenance. ECONOSEALS handle paperboard and corrugated... more
QuickLabel Systems

QuickLabel Systems makes and sells digital color label printers and barcode label printers for use by manufacturers of foods, beverages, pharmaceuticals, chemicals, and more... 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
Hitachi America, Ltd.

Hitachi America Ltd., Industrial Components & Equipment Division, supplies a broad range of industrial products and services. The division supplies sophisticated industrial equipment, components and services for application in pharmaceutical... more
Markem-Imaje

Markem-Imaje is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, print and apply label systems and RFID-based systems. Markem-Imaje... more
Videojet

Videojet is a world-leading manufacturer of marking systems, fluids, and accessories for the product identification industry. Videojet printers apply high-quality alphanumeric codes, logos and graphics to nearly any surface at virtually any line... more
Fogg Filler

Fogg is a world leader in the design and manufacture of rotary filling, rinsing, capping and enclosure systems for free flowing and viscous liquids. Fogg serves a growing number of dairy, spirits, water, food and beverage, pharmaceutical and... more
Markem-Imaje is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, print and apply label systems and RFID-based systems. Markem-Imaje... more
Microscan Systems, Inc.

Microscan develops barcode and machine vision products that help manufacturers reduce costs, increase yields, improve product quality, and comply with regulations. Designed for precision applications, Microscan's line of 1D and 2D barcode readers... more
National Bulk Equipment, Inc.

National Bulk Equipment dry material handling systems for packaging and processing operations, include: bulk bag fillers, bulk bag unloaders, bulk container dumpers, bulk container fillers, and bulk mixing, weighing, and conveyance systems. NBE... more
Plastic Ingenuity

Plastic Ingenuity is the national leader in providing the best solutions in thermoformed packaging, tooling and extrusion services. A member of the Thermoforming Institute, and a multi-plant manufacturing operation with facilities across North... more
Thermo Scientific

Thermo Scientific Product Inspection and Processing equipment protects your brands by ensuring the quality, accuracy, efficiency and safety of your products. With more than 50 years of making sure little things don't turn into big problems, we know... more
Domino North America

DOMINO is one of the world's largest manufacturers of digital printing solutions and is publicly traded on the London Stock Exchange. Our products are used for date coding, product marking, serialization and variable printing. Among our customers... more