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NOT A SUBSCRIBER?InBev to sell four manufacturing plants to Ball Corp.Posted on July 1, 2009 4:00 PM
Packaging products maker Ball Corp. moved Wednesday to expand its beverage can business, agreeing to acquire four U.S. manufacturing plants from brewer Anheuser-Busch InBev NV for $577 million.
Broomfield, Colo.-based Ball said it expects the plants to generate revenue and Ebitda of about $680 million and $94 million, respectively, during their first full year of operation. Company chairman and chief executive R. David Hoover in a statement said the transaction was an opportunity for Ball to boost its beverage business by swallowing high-quality assets. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline.
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