Ball Acquires Packaging Plants From AB InBev
Plants in Rome, Columbus and Gainesville are being acquired
Ball Corporation has signed a definitive agreement with Anheuser-Busch InBev to acquire certain of AB InBev's beverage can manufacturing assets.
The company will acquire four of AB InBev's plants in the US for $577 million. The facilities being acquired are beverage can manufacturing plants in Rome, Columbus, Ohio and Ft. Atkinson and a beverage can end manufacturing plant in Gainesville.
The company expects the plants to generate revenue and EBITDA of approximately $680 million and $94 million, for the first year of production. Currently 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 soft drink companies and the rest for AB InBev.
David Hoover, Chairman, President and CEO of Ball Corporation, said: This acquisition fits well with our strategy to grow our worldwide beverage can business. We will vigorously pursue what we see as significant opportunities to share best practices, realize synergies and improve overall performance.
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