Ball Corporation Expands Its Footprint with Benepack Acquisition in Europe

Ball to Acquire Majority Stake in Benepack

In a significant step towards enhancing its operational capacity in Europe, Ball Corporation (NYSE: BALL) has finalized agreements for the acquisition of an 80 percent majority stake in Benepack, a renowned producer of aluminum beverage cans. This strategic acquisition involves two of Benepack's manufacturing facilities located in Belgium and Hungary, notable for offering excellent service to both international and regional customers throughout Western and Eastern Europe.

The total estimated cost for this acquisition stands at approximately €184 million. The pricing reflects not only the strategic relevance of this transaction but also the complementary geographical presence and superior manufacturing quality that Benepack possesses. The remaining 20 percent stake will stay under the ownership of current Benepack shareholders, ensuring some continuity in the company's management and operational ethos.

With all necessary regulatory approvals in hand, the transaction is set to reach completion by the first quarter of 2026, pending the fulfillment of standard closing conditions laid out in the purchase agreements.

Ron Lewis, CEO of Ball Corporation, expressed enthusiasm regarding the acquisition, stating, "Benepack's plants in Belgium and Hungary are well positioned to serve a growing base of beverage customers across Europe. This investment not only optimizes our existing manufacturing network but also supports the long-term growth for key customers, emphasizing aluminum beverage cans as a sustainable packaging option."

Benefits of the Acquisition

The acquisition of Benepack significantly strengthens Ball's competitive edge in the European beverage can market. As consumer demand for sustainable packaging options rises, aluminum cans are increasingly seen as a viable solution due to their recyclability and reduced environmental impact. This strategic move comes at a time when the beverage industry is evolving rapidly, and companies are focusing more on sustainability.

Having the capability to produce aluminum beverage cans locally in Europe will provide Ball with better control over supply chains and logistical efficiencies, reducing lead times while delivering high-quality products to clients. Moreover, the investment in production facilities that cater to diverse beverage sectors positions Ball well to leverage market dynamics effectively.

The acquisition is not just a financial transaction but also a strategic alignment that fits into Ball's long-term goals of expanding its footprint in the growing European market. With increasing sales of beverages in aluminum containers projected, this acquisition aligns perfectly with Ball's mission to innovate sustainable packaging solutions.

About Ball Corporation

Ball Corporation is a global leader in providing sustainable packaging solutions made from aluminum. The company serves a diverse array of sectors, including beverages, personal care products, and household items. With a workforce of around 16,000 employees worldwide, Ball Corporation reported an impressive net sales figure of $11.80 billion in 2024, excluding its now-divested aerospace business. Renowned for its commitment to responsible production and innovation, Ball Corporation continues to make strides in enhancing its operational landscape and sustaining its leadership position in the industry.

For more information and updates, Ball Corporation encourages stakeholders to visit its official website at www.ball.com or engage with the company on LinkedIn and Instagram.

Looking Ahead

As Ball Corporation prepares for the closing of this acquisition, it also illustrates the company's strategy of growth through partnerships and investments in pivotal regions. The Benepack acquisition represents a forward-looking approach that demonstrates how companies can navigate market changes effectively, emphasizing long-term sustainability while adapting to consumer needs. With this acquisition, Ball is poised to become a prominent player in the European beverage can market, reshaping its operational landscape for the future.