Ball Corporation Completes Acquisition of Extruded Aluminum
Packaging Facility in Mexico
BROOMFIELD, Colo., Dec. 13, 2012 /PRNewswire/ -- Ball Corporation
(NYSE:BLL) today completed its acquisition of Envases del
Plata S.A. de C.V., a leading
producer of aluminum aerosol packaging with a manufacturing plant
in San Luis Potosi, Mexico.
The San Luis Potosi plant
produces extruded aluminum aerosol cans for personal care and
household products to customers in North, Central and South America. It employs approximately 150
people.
The plant is part of Ball's metal food and household products
packaging division, Americas, and complements Ball's global
extruded aluminum aerosol and slug business in Europe, and its aluminum slug business in
North America that Ball acquired
in 2010. Ball is the largest supplier of extruded aluminum slugs in
the world, and this acquisition provides a new end market for
Ball's products including the company's technology that
enables meaningful lightweighting in the manufacture of
extruded aluminum packaging.
Ball has chosen not to form a joint venture under the terms
previously discussed in Ball's Oct.1 announcement that would have
combined Ball's and Envases del Plata Group's aerosol operations in
South America. Ball will continue
to operate its aerosol manufacturing plants in San Luis and Buenos
Aires, Argentina, as part of the company's metal food and
household products packaging division.
Ball Corporation is a supplier of high quality packaging for
beverage, food and household products customers, and of aerospace
and other technologies and services, primarily for the U.S.
government. Ball Corporation and its subsidiaries employ more than
14,500 people worldwide and reported 2011 sales of more than
$8.6 billion. For the latest Ball
news and for other company information, please visit
http://www.ball.com.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates" and similar expressions are intended to
identify forward-looking statements. Such statements are subject to
risks and uncertainties which could cause actual results to differ
materially from those expressed or implied. The company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Key risks and uncertainties are summarized in filings
with the Securities and Exchange Commission, including Exhibit 99.2
in our Form 10-K, which are available on our website and at
www.sec.gov. Factors that might affect our packaging segments
include fluctuation in product demand and preferences; availability
and cost of raw materials; competitive packaging availability,
pricing and substitution; changes in climate and weather; crop
yields; competitive activity; failure to achieve anticipated
productivity improvements or production cost reductions; mandatory
deposit or other restrictive packaging laws; changes in major
customer or supplier contracts or loss of a major customer or
supplier; political instability and sanctions; and changes in
foreign exchange rates or tax rates. Factors that might affect our
aerospace segment include: funding, authorization, availability and
returns of government and commercial contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might affect the company as a whole include those
listed plus: accounting changes; changes in senior management; the
recent global recession and its effects on liquidity, credit risk,
asset values and the economy; successful or unsuccessful
acquisitions; regulatory action or laws including tax,
environmental, health and workplace safety, including U.S. FDA and
other actions affecting products filled in our containers, or
chemicals or substances used in raw materials or in the
manufacturing process; governmental investigations; technological
developments and innovations; goodwill impairment; antitrust,
patent and other litigation; strikes; labor cost changes; rates of
return projected and earned on assets of the company's defined
benefit retirement plans; pension changes; uncertainties
surrounding the U.S. government budget and debt limit; reduced cash
flow; interest rates affecting our debt; and changes to unaudited
results due to statutory audits or other effects.
SOURCE Ball Corporation