Packaging products provider Sonoco Products Co said on Monday it will buy sustainable metal packaging manufacturer Ball Metalpack for $1.35 billion in cash to expand its sustainable packing portfolio.
said on Monday it will buy sustainable metal packaging manufacturer Ball Metalpack for $1.35 billion in cash to expand its sustainable packing portfolio.Colorado-based Ball Metalpack, a joint venture owned by Platinum Equity and Ball Corporation
"We believe the addition of Ball Metalpack will further strengthen our stable cash flow generation while driving solid earnings accretion," Sonoco's Chief Executive Officer, Howard Coker, said.
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