Sonoco Acquires Ball Metalpack from Platinum Equity and Ball Corporation for $1.35 Billion
January 27, 2022
Sonoco has completed the acquisition of Ball Metalpack, a Broomfield, Colorado-based manufacturer of sustainable steel containers, in a transaction valued at approximately $1.35 billion. The seller parties were Platinum Equity (51% owner) and Ball Corporation (49% owner); the deal follows a three-year transformation and expansion program at Ball Metalpack under the joint-venture ownership.
- Buyers
- Sonoco
- Targets
- Ball Metalpack
- Sellers
- Platinum Equity, Ball Corporation
- Industry
- Packaging
- Location
- Colorado, United States
- Transaction Type
- Divestiture
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