Industry News

Ball to Acquire Remaining Interest in Brazilian JV

Acquire the remaining 39.9% minority interest in the Latapack-Ball beverage can business.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ball Corporation reached an agreement with its joint venture partners in Brazil to acquire their remaining 39.9% minority interest in the Latapack-Ball beverage can business in exchange for the issuance of 6 million Ball common shares.   The joint venture, established in 1995, supplies cans and ends to the Brazilian market from four manufacturing facilities. The local business has grown over the years as local customers’ packaging mix continues to shift to metal beverage cans.   “Latapack-Ba...

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