Ball acquired the plant and related assets for approximately $90m in cash. The company also entered into a long-term supply agreement with Jianlibao and its affiliate, Foshan Sanshui Jianlibao Trading Co Ltd.
Ball expects to report an after-tax gain of approximately $25m in the second quarter of 2010 on its previous ownership interest in the joint venture, subject to the appraisal of the business.
Source: Ball Corporation
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