Ball Corporation forms Ball Metalpack joint venture with Platinum Equity, selling U.S. steel food and aerosol assets

Ball Corporation and Platinum Equity agreed to form Ball Metalpack, a steel container packaging joint venture in which Platinum holds 51% and Ball 49%. Ball contributes its U.S. tinplate steel food and aerosol plants and receives over $600 million in pre-tax proceeds.

“In return, Ball Corporation will receive more than $600 million in pre-tax proceeds from the transaction and will retain a 49 percent interest in Ball Metalpack.”investors.ball.com

• 2 sources
• investors.ball.comBall Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity :: Ball Corporation (BALL)Jun 21, 2018
• ball.comBall Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity - BallJun 21, 2018

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