Ball Acquires Two Metal End and Closure Plants in U.S.
February 16, 2015
BROOMFIELD, Colo., Feb. 16, 2015 /PRNewswire/ -- Ball Corporation (NYSE: BLL) today completed its acquisition of Sonoco's metal end and closure facilities in Canton, Ohio. The Canton plants, which employ approximately 100 people and produce multiple-sized closures for the food can market, will become part of Ball's global metal food and household products packaging division.
"We are always looking for opportunities to expand into new capabilities that align with our customers' needs while also maximizing value in our existing businesses," said Michael W. Feldser, senior vice president, Ball Corporation, and chief operating officer, global metal food and household products packaging. "This acquisition is a perfect complement to Ball's existing product portfolio and to our overarching U.S. metal food can strategy. We have a long-standing relationship with Sonoco, and recognize that these plants and their employees produce the highest quality steel and aluminum easy-open ends in the world. We're pleased to have them as part of the Ball family."
Ball is one of the leading manufacturers of completely recyclable two- and three-piece steel food cans in a full range of sizes.
About Ball Corporation
Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 14,500 people worldwide and reported 2014 sales of $8.6 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates" and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key risks and uncertainties are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Factors that might affect: a) our packaging segments include product demand fluctuations; availability/cost of raw materials; competitive packaging, pricing and substitution; changes in climate and weather; crop yields; competitive activity; failure to achieve productivity improvements or cost reductions; mandatory deposit or other restrictive packaging laws; customer and supplier consolidation, power and supply chain influence; changes in major customer or supplier contracts or loss of a major customer or supplier; political instability and sanctions; and changes in foreign exchange or tax rates; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the company as a whole include those listed plus: changes in senior management; successful or unsuccessful acquisitions and divestitures; regulatory action or issues including tax, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; litigation; strikes; labor cost changes; rates of return on assets of the company's defined benefit retirement plans; pension changes; uncertainties surrounding the U.S. government budget, sequestration and debt limit; reduced cash flow; ability to achieve cost-out initiatives; interest rates affecting our debt.
SOURCE Ball Corporation