BLL Ball Corp

Ball Corp. (BLL) has agreed to buy European aluminum aerosol container maker Aerocan SAS from Barclays PLC's (BCS, BARC.LN) private-equity group for about EUR221 million ($293 million), broadening its metal packaging offerings.

The deal comes as Ball has benefited from rebounding demand, reporting in October its third-quarter profit more than doubled as revenue climbed more than expected and one-time gains helped the bottom line.

Aerocan makes aerosol cans and bottles and slugs used to make them, serving customers in the personal care, pharmaceutical, beverage and food industries. The deal is expected to close early next year.

Ball shares were down 6 cents at $67.92 in recent trading. Its stock has gained 31% this year.

-By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com