Benzinga | Dec 20, 2021 06:46AM EST

Sonoco Agrees To Acquire Ball Metalpack For $1.35B In Cash

Sonoco (NYSE:SON), one of the largest sustainable global packaging companies, today announced it has entered into a definitive agreement to acquire Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America, for $1.35 billion in cash before taking into consideration tax benefits with an estimated net present value of approximately $180 million. Ball Metalpack is a joint venture owned by Platinum Equity (51 percent) and Ball Corporation (NYSE:BLL) (49 percent).