US-based Ball announced that it has entered into agreements to acquire Envases del Plata, a leading extruded aluminum aerosol packaging producer.
The acquisition is expected to close by the end of October 2012, subject to customary closing conditions and regulatory approvals.
Ball president and CEO John A.Hayes said that the actions are consistent with their Drive for 10 strategy to broaden Ball’s geographic reach and expand into new products and capabilities.
"The acquisition in Mexico will provide a platform to grow our North American extruded aluminum packaging business, and in Argentina the new joint venture will leverage the combined strengths of Ball’s steel aerosol can business in Argentina with Envases’ extruded aluminum aerosol business in Argentina and Brazil," Hayes said.
The company is a supplier of packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the US government.