Ball Corporation has completed the sale of its plastic packaging division, Americas, business to Amcor Limited for approximately $280m.
The sale includes five US 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 $635m in 2009. Manufacturing plants are located in Ames, Iowa; Batavia, Ill; Bellevue, Ohio; Chino, California; and Delran, NJ.; and research and development operations were based in Broomfield and Westminster, Colo.
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 US government. Ball Corporation and its subsidiaries employ more than 14,000 people worldwide and reported 2009 sales of more than $7.3bn including discontinued operations.