# Ball and Platinum Equity form Ball Metalpack joint venture

Ball and Platinum Equity formed a joint venture, Ball Metalpack, a standalone US maker of steel containers. Platinum Equity holds 51% and Ball keeps 49%, with Ball receiving $600 million in pre-tax proceeds.

- Type: Acquisition
- Announced: 2018-07-04
- Where: United States
- Value: $600.0M
- Status: announced
- Products: steel containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [cantechonline.com](https://www.cantechonline.com/blog/22399/the-week-that-was/), 2018-07-04: "Platinum Equity will have a majority share of 51%. In return, Ball will receive $600 million in pre-tax proceeds, and still have a 49% interest in the venture."

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