Ball completes AB InBev plant deal

The deal, which was announced in July, was expected to contribute some $774m a year in revenues, although was still subject to some post-closing adjustments, the firm said in a statement.

More than two-thirds of the 10 billion can output will go to soft-drinks companies and the rest to AB InBev. The three can facilities and end plant employ around 635 people.

When the deal was first announced, Ball president and chief executive R. David Hoover said the acquisitions fitted into the firm’s global growth strategy. “These are well-maintained, high-volume manufacturing assets that are run by very skilled, experienced can and end makers,” he said.

The Colorado-based firm launched a $650m cash-call in August to fund the purchase.

AB InBev’s US subsidiary, Metal Container Corporation, still has seven can and end manufacturing plants that will continue to serve the beer industry.

BALL-AB INBEV DEAL
Cost $577m
Beverage can sites Rome, Georgia; Colombus, Ohio; Fort Atkinson, Wisconsin
Can end site Gainsville, Florida
Total staff 635
Total annual output 10bn cans and easy-open ends
Predicted annual revenues $774m

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