The agreement has been made, for Ball Corporation (NYSE: BLL) to acquire Guangdong Jianlibao Group Co., Ltd.'s 65% interest in a joint venture metal beverage can and end plant in Sanshui, China. Ball has owned the other 35% of the joint venture plant since 1992. The plant and related assets will be acquired by Ball for about $90 million in cash and assumed debt.
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About Ball Corporation
Ball Corporation is a supplier of high-quality metal and plastic packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. Ball Corporation and its subsidiaries employ more than 14,500 people worldwide and reported 2008 sales of approximately $7.6 billion.
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