Ball Corporation to sell China beverage can and end plants to ORG Technology for $225M

Ball Corporation agreed to sell its metal beverage packaging facilities in Beijing, Foshan, Hubei and Qingdao, China, to ORG Technology for about $225 million, plus potential relocation-related consideration. The deal is expected to close in the second half of 2019.

“Ball Corporation today announced an agreement to sell its metal beverage packaging facilities in China to ORG Technology Co. Ltd.”ball.com

• 3 sources
• ball.comBall Corporation Agrees to Sell Chinese Beverage Can and End Manufacturing Facilities - BallDec 13, 2018
• reuters.comCoke can maker Ball Corp to sell China manufacturing facilitiesDec 13, 2018
• packaginginsights.comBall to sell Chinese beverage packaging facilities in US$225m dealDec 14, 2018

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