Ball Corporation is acquiring an 80% stake in Benepack, a European beverage can manufacturer, for approximately €184 million to enhance its manufacturing capabilities and market presence in the sustainable packaging sector.

Information on the Target

Ball Corporation has announced its intention to acquire an 80% stake in Benepack, a European manufacturer specialized in aluminum beverage cans. Benepack operates two production facilities located in Belgium and Hungary, serving a diverse clientele that includes both international brands and local companies across Western and Eastern Europe. The acquisition, valued at approximately €184 million, is designed to strengthen Ball's presence in the growing European beverage packaging market.

With a focus on sustainability and innovation, Benepack is well-regarded for its high-quality manufacturing processes. This partnership is expected to enhance Ball Corporation's manufacturing capabilities and expand its reach within the beverage can segment, further positioning both companies in a competitive market.

Industry Overview in the Target’s Specific Country

The beverage can industry in Europe has experienced significant growth in recent years, fueled by rising consumer demand for sustainable packaging solutions. As more companies pi