Industry News, Mergers and Acquisitions, Printers News

Sonoco Completes Acquisition of Ball Metalpack

Ball Metalpack generated approximately $850 million in revenue and $114 million of adjusted EBITDA in 2021.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco announced it has completed the acquisition of Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol can producer in North America. Ball Metalpack was a joint venture owned by Platinum Equity and Ball Corporation. Sonoco acquired Ball Metalpack for $1.35 billion in cash subject to customary adjustments, including for working capital, cash and indebtedness. “Sonoco and Ball Metalpack are a clear strategic fit. The me...

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