# Ball Corporation agrees to acquire Tubex aluminum aerosol packaging plant in Brazil

Ball Corporation agreed to buy Tubex Industria e Comercio de Embalagens for $80 million plus a potential earn-out, gaining an aluminum aerosol can plant near Sao Paulo with eight extruded can lines.

- Type: Acquisition
- Announced: 2020-03-11
- Where: Sao Paulo area, Brazil
- Value: $80.0M
- Status: announced
- Capacity: eight extruded aluminum aerosol can lines
- Products: aluminum aerosol cans, personal care packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Ball Corporation](https://endata.com/companies/556.md) (acquirer)
- [Tubex Industria e Comercio de Embalagens](https://endata.com/companies/6227.md) (target)
- [Tubex](https://endata.com/companies/6229.md) (target)

## Sources

- [canmakingnews.com](https://www.canmakingnews.com/issues/news-in-brief/ball-corporation-agrees-to-acquire-tubex-aluminium-aerosol-packaging-facility-in-brazil/), 2020-03-11: "Ball Corporation have entered into a purchase agreement to acquire Tubex Industria E Comercio de Embalagens Ltda, an aluminium aerosol packaging business with a plant near Sao Paolo, Brazil."
- [ball.com](https://www.ball.com/newswire/article/124007/ball-corporation-agrees-to-acquire-tubex-aluminum-aerosol-packaging-facility-in-brazil), 2020-03-12: "Ball Corporation today entered into a purchase agreement to acquire Tubex Industria E Comercio de Embalagens Ltda, an aluminum aerosol packaging business with a plant near Sao Paolo, Brazil."
- [valor.globo.com](https://valor.globo.com/empresas/noticia/2020/03/12/americana-de-latas-de-aluminio-ball-compra-brasileira-tubex-por-us-80-milhoes.ghtml), 2020-03-12: "A Ball firmou acordo de compra da brasileira Tubex Indústria e Comércio de Embalagens, que faz embalagens de alumínio para aerossol."

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