Ball - M&A Summary and Business Overview

PackagingCompany

Ball M&A Summary

Ball has acquired 13 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 6 assets.

Ball’s largest acquisition to date was in 2016, when it acquired Rexam for $7.1B. It’s largest disclosed sale occurred in 2023, when it sold Ball - Aerospace Business to BAE Systems for $5.6B. Ball has acquired in 6 different US states, and 6 countries. The Company’s most targeted sectors include packaging (54%) and beverages (16%).

Ball Business Overview

Where is Ball headquartered?

Ball is headquartered in Westminster, Colorado.

What is Ball’s revenue?

Ball disclosed revenue of 15,349M USD for 2022 and 13,811M USD for 2021.

How many employees does Ball have?

Ball has 21,000 employees.

What sector is Ball in?

Ball is a packaging company.

When was Ball founded?

Ball was founded in 1880.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity13
    • M&A Sell Activity6
  • Total Sectors Invested 5
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 10
  • M&A Advisors 7

Ball

Ball Corp.

9200 West 108th Circle,
Westminster, Colorado 80021
United States,
(303) 469-3131
www.ball.com

Ball is a supplier of metal packaging to the beverage, food, personal care and household products industries. Ball's packaging products are produced for a variety of end uses and are manufactured in facilities around the world. The Company also provides aerospace and other technologies and services to governmental and commercial customers within our aerospace and technologies segment. Ball was incorporated in 1880 and is based in Westminster, Colorado.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 12 1 - - - - 13
vol $9.7B $9.7B
Sell (0.2/yr) # 5 - - - 1 - 6
vol $225M $5.6B $5.8B
  19

Most Recent M&A

Company Date Value Type
Ball - Aerospace Business 2023-08-17 5.6B USD Divestiture
Westminster, Colorado
Tubex Industria E Comercio de Embalagens Ltda 2020-03-11 - Add-on Acquisition
Sao Paolo, Brazil
Ball Corp. - Tinplate Steel Aerosol Packaging 2019-08-21 - Divestiture
, Argentina
Ball Corp. - Metal Beverage Packaging Facilities 2018-12-13 225M USD Divestiture
, China
Ball Metalpack LLC 2018-06-21 - Divestiture
Broomfield, Colorado · www.ballmetalpack.com
Ball Corp. - Paint and General Line Plant 2017-03-27 - Divestiture
Hubbard, Ohio
Rexam Plc 2016-06-30 7.1B GBP Add-on Acquisition
London, United Kingdom · www.rexam.com
Envases Del Plata S.A. 2012-10-02 - Add-on Acquisition
El Palomar Buenos Aires, Argentina · www.envasesdelplata.com
Aerocan S.A.S. 2011-01-18 293M USD Add-on Acquisition
Châtillon-en-Michaille, France · www.aerocan.eu
AB InBev UK Ltd. 2010-09-30 577M USD Add-on Acquisition
Luton, United Kingdom · www.inbev.co.uk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Envases Del Plata S.A. 2012-10-02 Ball Corp. - Tinplate Steel Aerosol Packaging 2019-08-21 1
El Palomar Buenos Aires, Argentina · www.envasesdelplata.com , Argentina
Ball Aerospace & Technologies Corp.    - Ball Solutions Group Pty Ltd. 2008-01-02 1
Boulder, Colorado · www.ballaerospace.com Braddon, Australia

M&A by Sector

Sector Buy # Value Sell # Value
Packaging 7 (54%) 7.4B (76%) 5 (83%) 5.6B (96%)
Manufacturing 2 (15%) 1.6B (16%) 1 (17%) 225M (4%)
Beverages 2 (15%) 667M (7%) - -
Metals/Mining 1 (8%) - - -
Plastics 1 (8%) 70M (1%) - -
Total 13 $9.7B 6 $5.8B

By Geo

State/Country Buy Value Sell Value
United States 7 1.7B 4 5.6B
  Colorado 1 - 2 5.6B
  Illinois 2 1.6B - -
  Ohio 1 - 1 -
  Connecticut 1 65M 1 -
  Virginia 1 - - -
  Pennsylvania 1 70M - -
Argentina 1 - 1 -
China 1 90M 1 225M
United Kingdom 2 7.6B - -
Brazil 1 - - -
France 1 293M - -
Domestic 7 (54%) 1.7B (17%) 4 (67%) 5.6B (96%)
Cross-border 6 (46%) 8.0B (83%) 2 (33%) 225M (4%)
Total 13 $9.7B 6 $5.8B

Top M&A Advisors

Financial Deals
Goldman Sachs
3
Greenhill & Co., Inc.
1
J.P. Morgan Securities
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
4
Axinn, Veltrop & Harkrider LLP
3

Deal Values

buy # Total
> $1B 2 $8.1B
$100M to $1B 3 $1.4B
< $100M 3 $225M
TOTAL $9.7B
Largest Rexam Plc
$7.1B (2016-06-30)
sell # Total
> $1B 1 $5.6B
$100M to $1B 1 $225M
TOTAL $5.8B
Largest Ball - Aerospace Business
$5.6B (2023-08-17)

M&A Connections

Deals
Acquired from
Investor(s)
15%
2 (15%)
Strategic(s)
8%
1 (8%)
Divested to
Investor(s)
17%
1 (17%)
Strategic(s)
83%
5 (83%)

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