Business News

Ball Announces Sale of Plastic Pail Plant and Related Assets

Tuesday 13. October 2009 - Ball Corporation (NYSE:BLL) announced today the sale of its plastic pail assets to BWAY Corporation for approximately $32 million, subject to customary post-closing adjustments.

The transaction largely involves the sale of a pail manufacturing plant in Newnan, Ga., which Ball acquired in 2006 as part of its purchase of U.S. Can Corporation. The plant produces injection molded plastic pails and drums for products such as building materials and pool chemicals. It employs approximately 110 people.

“The plastic pail product line was not a strategic focus for Ball and was a small part of our plastic packaging segment,” said John A. Hayes, Ball’s executive vice president and chief operating officer. “Its sale is consistent with our strategy to focus on our core businesses.”

The sale is expected to close by the end of October.