Ball Completes Sale of Plastic Packaging Division, Americas
The sale includes five U.S. plants that manufacture polyethylene terephthalate (PET) bottles and preforms and polypropylene bottles, as well as associated customer contracts and other related assets.
Aug 4 2010 --- Ball Corporation has completed the sale of its plastic packaging, Americas, business to Amcor Limited for approximately $280 million.
The sale includes five U.S. plants that manufacture polyethylene terephthalate (PET) bottles and preforms and polypropylene bottles, as well as associated customer contracts and other related assets.
Ball's plastics business employed approximately 1,000 people and had sales of $635 million in 2009. Manufacturing plants are located in Ames, Iowa; Batavia, Ill.; Bellevue, Ohio; Chino, Calif.; and Delran, N.J.; and research and development operations were based in Broomfield and Westminster, Colo.
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