Ball acquires aluminium aerosol can supplier

Metal packaging company Ball has signed a definitive agreement with Barclays Private Equity to acquire Aerocan, a supplier of aluminum aerosol cans and bottles in Europe for approximately EUR 221 million inclusive of debt and other liabilities.

Subject to customary closing conditions, the acquisition is expected to close during the Q1 of 2011 and the company expects the after tax returns from acquired business to exceed Ball’s return requirements.

（Sourced from www.theengineer.co.uk）