Friday, December 4, 2009

Ball increases presence in China

www.cantechonline.com: "can making company reached an agreement to buy the remaining majority interest in the joint-venture can and end plant it operates at Sanshui.

Ball has owned 35% of the soft drinks manufacturer Guangdong Jianlibao Group Co since 1992.
The can making company will acquire the plant and related assets for around $90 million in cash and assumed debt. Ball has also entered into a long-term supply agreement with Jianlibao. The deal is expected to be completed next year, subject to customary regulatory approvals."

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