In the fourth quarter of 2024, Ball Corporation's Board of Directors approved a plan to pursue alternatives for the company's aluminum cup business. This strategic decision includes the option to form a strategic partnership in early 2025, which is expected to lead to the deconsolidation of the business by Ball.
As a direct result of the decision to sell the company's controlling financial interest and meeting held-for-sale criteria in Q4 2024, Ball recorded a noncash impairment charge. This charge is reflected in business consolidation and other activities in the consolidated statements of earnings for the year ended December 31, 2024.
This move signifies Ball's ongoing strategy to optimize its portfolio and focus on core, high-growth areas within its aluminum packaging segments. The company expects to complete this process in the first quarter of 2025.
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