Ball Corporation (BLL) Acquires Guangdong Jianlibao Group's 65% Interest in JV Metal Beverage Can Plant
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Ball Corporation (NYSE: BLL) has agreed to acquire Guangdong Jianlibao Group Co., Ltd.'s 65 percent interest in a joint venture metal beverage can and end plant in Sanshui, China. Ball has owned 35% of the joint venture plant since 1992.
Ball will acquire the plant and related assets for approximately $90 million in cash and assumed debt. The company also entered into a long-term supply agreement with Jianlibao. The transaction is expected to close next year, subject to customary regulatory approvals.
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