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Slide #23. Ball Corporation — Envases del Plata S.A. de C.V.
Ball Corporation (NYSE:BLL)
Envases del Plata S.A. de C.V.
Ball has signed an agreement to acquire Envases del Plata S.A. de C.V., a leading producer of aluminum aerosol packaging with a manufacturing plant in San Luis Potosi, Mexico- Ball and the Envases del Plata Group have also agreed to form a joint venture in Argentina that will combine the two companies' aerosol packaging operations in Argentina and Envases' operation in Manaus, Brazil- Under terms of the agreement, Ball can elect to acquire or exit the joint venture in the future- The acquisition is expected to close by the end of October 2012, subject to customary closing conditions and regulatory approvals
Ball supplies aluminum packaging for the beverage, personal care and household products industries. Co. provides aerospace and other technologies and services. Co.'s main product line is aluminum beverage containers and Co. also produces extruded aluminum aerosol containers, aluminum slugs, and aluminum cups. Co.'s segments are: beverage packaging, North and Central America; beverage packaging, Europe, Middle East and Africa, and beverage packaging, South America, all of which are engaged in manufacturing and selling aluminum beverage containers; and aerospace, which manufacture and sell aerospace and other related products.
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Buy (3.15 out of 4)