# 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.

- Type: Acquisition
- Announced: 2018-06-21
- Where: Ohio, Wisconsin, Tennessee, Pennsylvania, Arkansas, California, United States
- Value: $600.0M
- Status: announced
- Products: steel aerosol containers, steel food cans, tinplate steel packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Ball Corporation](https://endata.com/companies/556.md)
- [Platinum Equity](https://endata.com/companies/1087.md) (partner)
- [Ball Metalpack](https://endata.com/companies/3477.md) (acquirer)

## Sources

- [investors.ball.com](https://investors.ball.com/news-presentations/press-releases/detail/219/ball-corporation-agrees-to-sell-u-s-steel-food-and-steel-aerosol-assets-form-joint-venture-with-platinum-equity), 2018-06-21: "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."
- [ball.com](https://www.ball.com/newswire/article/123915/ball-corporation-agrees-to-sell-us-steel-food-and-steel-aerosol-assets-form-joint-venture), 2018-06-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.