Ball Corporation agrees to sell China metal beverage packaging plants to ORG Technology

Ball Corporation agreed to sell its metal beverage can and end plants in Beijing, Foshan, Hubei and Qingdao, China, to ORG Technology for approximately $225 million, plus potential additional consideration. Ball will license its technology to ORG and reinvest about $50 million in ORG's shares.

“Ball Corporation today announced an agreement to sell its metal beverage packaging facilities in China to ORG Technology Co. Ltd., a leading Chinese metal packaging company, for approximately $225mn total transaction consideration.”manufacturingdigital.com

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• manufacturingdigital.comBall Corporation agrees to sell its metal beverage packaging facilities in China | Manufacturing DigitalMay 16, 2020

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