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Ball acquires Neuman Aluminum
Ball Corporation has acquired Neuman Aluminum, a North American manufacturer of aluminium slugs used to make extruded aerosol cans, beverage bottles, aluminium collapsible tubes and technical impact extrusions. The transaction price wasn’t disclosed.
Neuman Aluminum operates plants in Verona, Va, and Sherbrooke, Quebec, which produce aluminium disks, or slugs, that are converted into premium packaging for personal care, household, beverage and other products.
“This strategic acquisition is an investment by Ball in a business that has technology to access new markets and opportunities to grow Ball’s packaging platform,” said Raymond J Seabrook, executive vice president and chief operating officer, global packaging operations.
Neuman Aluminum had sales of approximately $128m in 2009. The two plants, which employ about 180 people, will become part of Ball’s metal food and household products packaging segment.
Source: Ball Corporation
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