Ball Corporation Names Michael W. Feldser President, Aerosol and Specialty Containers
March 02 2006 - 5:30PM
PR Newswire (US)
BROOMFIELD, Colo., March 2 /PRNewswire-FirstCall/ -- Michael W.
Feldser has been named president, aerosol and specialty containers,
for Ball Corporation (NYSE:BLL). He will oversee the operations
Ball is acquiring from U.S. Can Corporation. Feldser, 55, was most
recently vice president, general manager for CCL Container. He
began his packaging career in 1975 as an accounting and financial
analyst with Continental Can, which was later acquired by Crown
Cork & Seal. Feldser held a variety of positions for
Continental Can and Crown -- including plant manager; vice
president quality, North American metal packaging; and vice
president manufacturing, beverage and two-piece food -- before
joining Zinc Corporation of America in 2001 as senior vice
president, operations. He joined CCL Container in 2002. "Mike is an
experienced industry veteran with extensive knowledge of aluminum
and steel packaging for foods and beverages," said John R.
Friedery, senior vice president and chief operating officer, North
American packaging operations. "He will be actively involved in the
integration of the U.S. Can acquisition and in developing the
future strategic direction of our aerosol and specialty products
operations." Ball announced Feb. 14 the company had entered into a
definitive agreement to acquire U.S. Can Corporation's 10 plants in
the United States and two plants in Argentina. U.S. Can is the
largest manufacturer of aerosol cans in the United States. In
addition to aerosol cans, the company manufactures paint cans,
plastic containers and custom and specialty cans. The acquisition
is expected to close by the end of the first quarter, subject to
customary closing conditions. Ball Corporation is a supplier of
high-quality metal and plastic packaging products and owns Ball
Aerospace & Technologies Corp., which develops sensors,
spacecraft, systems and components for government and commercial
customers. Ball reported 2005 sales of $5.8 billion and the company
employs 13,100 people worldwide. Forward-Looking Statements This
news release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates," and variations of same and similar
expressions are intended to identify forward-looking statements.
Such statements are subject to risks and uncertainties which could
cause actual results to differ materially from those expressed or
implied. The company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Key risks and
uncertainties are summarized in filings with the Securities and
Exchange Commission, including in Exhibit 99.2 in our Form 10-K.
These filings are available at our Web site and at
http://www.sec.gov/. Factors that might affect our packaging
segments include fluctuation in consumer and customer demand and
preferences; availability and cost of raw materials, including
recent significant increases in resin, steel, aluminum and energy
costs, and the ability to pass such increases on to customers;
competitive packaging availability, pricing and substitution;
changes in climate and weather; fruit, vegetable and fishing
yields; industry productive capacity and competitive activity;
failure to achieve anticipated productivity improvements or
production cost reductions, including those associated with our
beverage can end project; the German mandatory deposit or other
restrictive packaging laws; changes in major customer or supplier
contracts or loss of a major customer or supplier; changes in
foreign exchange rates, tax rates and activities of foreign
subsidiaries; and the effect of LIFO accounting. Factors that might
affect our aerospace segment include: funding, authorization,
availability and returns of government contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might affect the company as a whole include those
listed plus: acquisitions, joint ventures or divestitures;
regulatory action or laws including tax, environmental and
workplace safety; governmental investigations; technological
developments and innovations; goodwill impairment; antitrust,
patent and other litigation; strikes; labor cost changes; rates of
return projected and earned on assets of the company's defined
benefit retirement plans; reduced cash flow; interest rates
affecting our debt; and changes to unaudited results due to
statutory audits or other effects. DATASOURCE: Ball Corporation
CONTACT: Investors, Ann T. Scott, +1-303-460-3537, , or Media,
Scott McCarty, +1-303-460-2103, , both of Ball Corporation Web
site: http://www.ball.com/
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