Ball buys majority stake in Benepack’s European beverage can unit

Acquisition Details - Ball Corporation has agreed to acquire an 80% interest in Benepack's European beverage can manufacturing operations for €184 million ($216 million) [1] - The acquisition includes two production facilities located in Belgium and Hungary, with Benepack shareholders retaining a 20% ownership [1][2] - The transaction is expected to be completed in the first quarter of 2026 [1] Strategic Fit - Benepack supplies aluminium beverage cans to both multinational and domestic drinks companies across Western and Eastern Europe, indicating a strategic fit for Ball Corporation [2] - The acquisition is seen as enhancing Ball's European manufacturing network and supporting long-term growth with key customers [3] Company Overview - Ball Corporation reported net sales of $11.8 billion for 2024, excluding its previously divested aerospace division [4] - The company has a global workforce of 16,000 and is involved in aluminium packaging for beverages, personal care, and household products [4] Recent Developments - In November 2025, Ball Corporation announced plans to invest $60 million to expand production capacity at its facility in Sri City, India [4] - The company had previously committed nearly $55 million in 2024 to expand its can manufacturing plant in Taloja, Maharashtra [5] - Ronald J. Lewis was appointed as CEO in November 2025, replacing Daniel W. Fisher, with other key appointments made to the board [5]