14 DECEMBER 2012Dailymarkets.com
Ball Corporation Completes Acquisition of Extruded Aluminum Packaging Facility in Mexico
Edited by : AL CIRCLE
2 min read
Ball Corporation (NYSE:BLL) today completed its acquisition of Envases del Plata S.A. de C.V., a leading producer of aluminum aerosol packaging with a manufacturing plant in San Luis Potosi, Mexico.
The San Luis Potosi plant produces extruded aluminum aerosol cans for personal care and household products to customers in North, Central and South America. It employs approximately 150 people.
The plant is part of Ball’s metal food and household products packaging division, Americas, and complements Ball’s global extruded aluminum aerosol and slug business in Europe, and its aluminum slug business in North America that Ball acquired in 2010. Ball is the largest supplier of extruded aluminum slugs in the world, and this acquisition provides a new end market for Ball’s products including the company’s technology that enables meaningful lightweighting in the manufacture of extruded aluminum packaging.
Ball has chosen not to form a joint venture under the terms previously discussed in Ball’s Oct.1 announcement that would have combined Ball’s and Envases del Plata Group’s aerosol operations in South America. Ball will continue to operate its aerosol manufacturing plants in San Luis and Buenos Aires, Argentina, as part of the company’s metal food and household products packaging division.
Ball Corporation is 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. Ball Corporation and its subsidiaries employ more than 14,500 people worldwide and reported 2011 sales of more than $8.6 billion. For the latest Ball news and for other company information, please visit http://www.ball.com.
The San Luis Potosi plant produces extruded aluminum aerosol cans for personal care and household products to customers in North, Central and South America. It employs approximately 150 people.
The plant is part of Ball’s metal food and household products packaging division, Americas, and complements Ball’s global extruded aluminum aerosol and slug business in Europe, and its aluminum slug business in North America that Ball acquired in 2010. Ball is the largest supplier of extruded aluminum slugs in the world, and this acquisition provides a new end market for Ball’s products including the company’s technology that enables meaningful lightweighting in the manufacture of extruded aluminum packaging.
Ball has chosen not to form a joint venture under the terms previously discussed in Ball’s Oct.1 announcement that would have combined Ball’s and Envases del Plata Group’s aerosol operations in South America. Ball will continue to operate its aerosol manufacturing plants in San Luis and Buenos Aires, Argentina, as part of the company’s metal food and household products packaging division.
Ball Corporation is 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. Ball Corporation and its subsidiaries employ more than 14,500 people worldwide and reported 2011 sales of more than $8.6 billion. For the latest Ball news and for other company information, please visit http://www.ball.com.
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