Amcor completes Ball Plastics takeover
The deal means the Australia-based giant has bought Ball’s five U.S. plants that manufacture polyethylene terephthalate (PET) bottles and preforms and polypropylene bottles, in Ames, Iowa; Batavia, Ill; Bellevue, Ohio; Chino, California; and Delran, N.J; and research and development operations based in Broomfield and Westminster, Colorado.
The Ball operation has around 1,000 employees and posted sales of $635m last year.
The buyout was announced in mid June and Amcor said the closure of the deal had followed the termination of the statutory Hart-Scott-Rodino waiting period in the US.
Amcor said the purchase would allow it to diversify packaging formats, as well as expand its manufacturing capabilities and market share in the US, Canada and Latin America.
