Ball Corporation completed the sale of its Aerospace business to BAE Systems on February 16, 2024. This divestiture marks a decisive strategic pivot for Ball, allowing the company to sharpen its focus on its core global aluminum packaging operations.
The transaction enables Ball to optimize its asset base and concentrate resources on high-potential areas within the packaging landscape. This strategic move is expected to enhance operational efficiency and shareholder returns by streamlining the company's business model.
The Aerospace business was a significant part of Ball's operations, contributing 14% of its net sales in 2023, which totaled $14.03 billion. The divestiture is a key step in Ball's strategic transformation towards becoming a pure-play aluminum packaging company.
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