Amcor Acquires Ball Plastics Packaging Americas for $280 Million

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Amcor, Melbourne, Australia, this past week agreed to purchase the assets of Ball Plastics Packaging Americas from Ball Corp. The transaction is subject to regulatory approval in the USA. The purchase price is $280 million, which represents four times the last 12 months acquired EBITDA of $70 million.The business has five plants in North America and sales of approximately $600 million.

The acquisition will expand Amcor's Diversified Products business, which targets the health care/pharmaceutical, personal care, food, and distilled spirits end markets. It brings Amcor exposure to new growth opportunities including wine bottles, retort packaging for food, and high density polyethylene (HDPE) and polypropylene (PP) containers for various market segments