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ORG Technology Co. Ltd., a leading Chinese metal packaging company, will pay approximately $225 million for the sites.
December 14, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ball Corporation announced an agreement to sell its metal beverage packaging facilities in China to ORG Technology Co. Ltd., a leading Chinese metal packaging company, for approximately $225 million total transaction consideration including cash, plus potential additional consideration related to the relocation of an existing facility over the next several years, which the company currently expects to be in the range of $50 million to $75 million. The transaction is subject to customary regulato...
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