AAG
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ball acquires extruded aluminum packaging business in mexico.

by:AAG     2020-11-03
* Ball Corporation has entered into an agreement to acquire Envasesdel Plata S. A. de CV.
A leading manufacturer of extruded aluminum aerosol containers, with a manufacturing plant in Potosi, St. Louis, Mexico, and a new joint venture in Argentina, it will combine Plata\'s aerosol packaging business in Argentina and Brazil.
The acquisition is expected to end last month.
\"These actions are consistent with the 10 strategies we have developed to expand Ball\'s geographic reach and reach new products and capabilities,\" said John . \".
Hayes, president and chief executive of Bauer
\"The acquisition in Mexico will provide a platform for the development of our North American extrusion aluminum packaging business, in Argentina, the new joint venture will take advantage of Ball\'s steel aerosol can business with envases\'s extrusion aluminum aerosol business in Argentina and Brazil.
\"The San Luis Potosi plant produces extruded aluminum aerosol cans for customers in North, Central and South America for personal care and household products.
It employs about 150 employees and operates the fivemanufacturing production line.
The plant will be part of Ball\'s food and home product packaging division and will complement Ball\'s existing aluminum aerosol business in Europe, Ball Aerocan, and the North American extruded aluminum aerosol sector plug business acquired in 2010.
Ball, the world\'s largest supplier of extruded aluminum plugs, this acquisition provides a new end market for Ball\'s products, including the Company\'s ability to use real technologies for recycled materials and meaningful light
Weighing In extrusion aluminum packaging manufacturing.
Envases, a newly established Argentine joint venture-
Ball, which will include Ball\'s steel aerosol tank plant in Benares, Argentina, and St. Louis, as well as the envases extrusion aluminum packaging plant in maaus, Brazil.
Envases will have a 75% stake in the joint venture and the rest will be owned by Ball.
Ball will provide technical and other assistance to the business, and under the terms of the agreement Ball can choose to acquire or withdraw from the joint venture in the future. More info: www. ball. com.
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