Ball Corp expands into aerosol can manufacturing

February 15: Ball Corporation will be making aerosol containers again when it acquires the North American and Argentine operations of US Can Corp.

Illinois-based US Can is the largest manufacturer of tinplate aerosol cans in the US with a 55 percent market share, and also makes paint cans, speciality cans and plastics containers. Customers include SC Johnson, Reckitt, ConAgra, Sherwin Williams and Procter & Gamble.

The deal, which is expected to be completed by the end of March, involves the transfer of 1.1 million Ball shares and repayment of US$550m in debt to US Can’s owner, private-equity firm Berkshire Partners, based in Boston. Ball will acquire ten plants in the US and two in Argentina, employing 2,300 and with sales of almost $600 million.

US Can’s European business, with sales of about $250m, will be retained by US Can’s shareholders. USC Europe makes tinplate aerosol cans for personal care, household, automotive, paint and industrial products and food cans.

To continue reading,
please login or subscribe to The Canmaker

Recent Articles

spot_img