Ball Corporation has agreed to purchase an 80 percent stake in Benepack’s European beverage‑can manufacturing businesses for approximately €184 million. The deal covers two production facilities—one in Belgium and one in Hungary—while the remaining 20 percent of the business will stay with Benepack shareholders.
The acquisition is designed to broaden Ball’s European manufacturing network and reinforce its position in the growing aluminum‑can market, which is shifting away from glass and plastic as consumers and brands prioritize sustainability. Benepack’s high‑quality, two‑piece aluminum cans and its geographic complementarity to Ball’s existing operations provide a strategic fit that is expected to accelerate volume growth and improve operational leverage.
Ball’s recent financial performance underscores the strategic fit of the deal. In Q4 2024 the company posted net earnings of $4.01 billion on sales of $11.80 billion, while Q3 2025 earnings of $321 million on $3.38 billion in sales demonstrate a resilient business model. Ball has reaffirmed its 2025 guidance for comparable diluted EPS growth of 12‑15 percent and continues a robust capital‑return program through share repurchases and dividends.
CEO Ron Lewis said, “Benepack’s plants in Belgium and Hungary are well positioned to serve a growing base of beverage customers across Europe. This investment further optimizes our European manufacturing network, supports long‑term volume and EVA dollar growth with key customers, and reinforces aluminum beverage cans as a sustainable, scalable packaging choice.”
The transaction strengthens Ball’s competitive position against other European can manufacturers such as Ardagh Group and aligns with the broader industry trend toward sustainable packaging. By adding Benepack’s facilities, Ball will be better positioned to meet demand from both Western and Eastern European markets while maintaining cost efficiencies and supply‑chain resilience.
All required regulatory clearances have been obtained, and the deal is expected to close in the first quarter of 2026, subject to customary closing conditions.
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