Ball Corp. (BLL) to Sell U.S. Steel Food and Steel Aerosol Assets and Form Joint Venture with Platinum Equity

Ball Corporation (NYSE: BLL) and Platinum Equity today announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack, a new packaging company that manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the United States. Platinum Equity will own 51 percent of Ball Metalpack and Ball Corporation will own 49 percent. Read more