BROOMFIELD, Colo., Aug. 31, 2020 /PRNewswire/ -- Ball
Corporation (NYSE: BLL) has completed the acquisition of Tubex
Industria E Comercio de Embalagens Ltda., an impact extruded
aluminum aerosol packaging business that includes a manufacturing
plant in Itupeva, which is near Sao Paolo, Brazil.
The business, now part of Ball's aluminum aerosol packaging
division, complements Ball's global aluminum aerosol and slug
business in the Americas, Europe
and India. The Itupeva plant
includes eight extruded aluminum aerosol can lines, and produces
personal care packaging for global and local customers in
Brazil.
About Ball Corporation
Ball Corporation supplies
innovative, sustainable packaging solutions for beverage, personal
care and household products customers, as well as aerospace and
other technologies and services primarily for the U.S. government.
Ball Corporation and its subsidiaries employ more than 18,300
people worldwide and 2019 net sales were $11.5 billion. For more information, visit
www.ball.com, or connect with us on Facebook or Twitter.
Forward-Looking Statements
This release contains
"forward-looking" statements concerning future events and financial
performance. Words such as "expects," "anticipates," "estimates,"
"believes," "targets," "likely," "positions" and similar
expressions typically identify forward-looking statements, which
are generally any statements other than statements of historical
fact. Such statements are based on current expectations or views of
the future and are subject to risks and uncertainties, which could
cause actual results or events to differ materially from those
expressed or implied. You should therefore not place undue reliance
upon any forward-looking statements and any such statements should
be read in conjunction with, and, qualified in their entirety by,
the cautionary statements referenced below. 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 factors, risks and uncertainties that could cause
actual outcomes and results to be different are summarized in
filings with the Securities and Exchange Commission, including
Exhibit 99 in our Form 10-K, which are available on our website and
at www.sec.gov. Additional factors that might affect: a) our
packaging segments include product capacity, supply, and demand
constraints and fluctuations, including due to virus and disease
outbreaks and responses thereto; availability/cost of raw materials
and logistics; competitive packaging, pricing and substitution;
changes in climate and weather; footprint adjustments and other
manufacturing changes, including the startup of new facilities and
lines; failure to achieve synergies, productivity improvements or
cost reductions; mandatory deposit or other restrictive packaging
laws; customer and supplier consolidation; power and supply chain
interruptions,; potential delays and tariffs related to the U.K's
departure from the EU; changes in major customer or supplier
contracts or a loss of a major customer or supplier; political
instability and sanctions; currency controls; changes in foreign
exchange or tax rates; and tariffs, trade actions, or other
governmental actions, including business restrictions and
shelter-in-place orders in any country or jurisdiction affecting
goods produced by us or in our supply chain, including imported raw
materials, such as those related to COVID-19 and those pursuant to
Section 232 of the U.S. Trade Expansion Act of 1962 or Section 301
of Trade Act of 1974; b) our aerospace segment include funding,
authorization, availability and returns of government and
commercial contracts; and delays, extensions and technical
uncertainties affecting segment contracts; c) the company as a
whole include those listed plus: the extent to which
sustainability-related opportunities arise and can be capitalized
upon; changes in senior management, succession, and the ability to
attract and retain skilled labor; regulatory action or issues
including tax, environmental, health and workplace safety,
including U.S. FDA and other actions or public concerns affecting
products filled in our containers, or chemicals or substances used
in raw materials or in the manufacturing process; technological
developments and innovations; the ability to manage cyber threats
and the success of information technology initiatives; litigation;
strikes; disease; pandemic; labor cost changes; rates of return on
assets of the company's defined benefit retirement plans; pension
changes; uncertainties surrounding geopolitical events and
governmental policies both in the U.S. and in other countries,
including policies, orders and actions related to COVID-19, the
U.S. government elections, stimulus package(s), budget,
sequestration and debt limit; reduced cash flow; interest rates
affecting our debt; and successful or unsuccessful joint ventures,
acquisitions and divestitures, and their effects on our operating
results and business generally.
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SOURCE Ball Corporation