Ball Corp. is acquiring Tubex Industria E Comercio de Embalagens Ltda, an aluminum aerosol packaging business with a plant near Sao Paolo, Brazil, along with associated contracts and other related assets for $80 million.
The plant includes eight extruded aluminum aerosol can lines for personal care customers worldwide. It employs approximately 300 people.
“As the demand for sustainable aluminum packaging continues to grow among customers and consumers worldwide, this investment allows us to broaden our geographic reach and serve this expanding market as one of the leading aluminum aerosol suppliers in Brazil,” said John A. Hayes, Ball’s Chairman, President & CEO.
The plant will become part of Ball’s aluminum aerosol packaging division, and will complement Ball’s global aluminum aerosol and slug business in Europe, North America and Asia, led by Stan Platek, VP and GM.