Ball (BLL) to Buy Four Beverage Packaging Plants From AB InBev For $577 Million
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Ball Corporation (NYSE: BLL) announced that it has signed a definitive agreement with Anheuser-Busch InBev (AB 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.
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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.
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