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Ball Corporation Announces Agreement to Acquire North American Plastic Bottle Container Assets of Alcan Packaging.

Publication: PR Newswire
Publication Date: 27-FEB-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BROOMFIELD, Colo., Feb. 27 /PRNewswire-FirstCall/ -- Ball Corporation announced today that it has agreed to acquire certain North American plastic bottle container assets of Alcan Packaging for $180 million in cash. The transaction is expected to close by the end of the first quarter of 2006, subject to certain government approvals and customary closing conditions.

Ball will acquire three Alcan plastic container manufacturing plants, in Batavia, Ill.; Bellevue, Ohio; and Brampton, Ontario. Ball will also acquire certain equipment and other assets at Alcan's Newark, Calif., plant and at its Neenah, Wisc., research...

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