Ball Corporation has signed agreements to acquire a majority stake in the European beverage can activities of the aluminium can manufacturer Benepack. Specifically, this involves two production sites in Belgium and Hungary, which supply customers in Western and Eastern Europe.
According to Ball, it intends to acquire 80 per cent of the shares for an estimated 184 million euros; 20 per cent is to remain with the existing Benepack shareholders. The necessary regulatory approvals have already been granted and the transaction is expected to be completed in the first quarter of 2026 - subject to customary closing conditions.
Expansion of the European can network
According to Ball, the move is intended to further optimise its European production network and secure the supply of a growing customer base in the beverage segment. The company also refers to aluminium beverage cans as a scalable packaging solution.
Ball employs around 16,000 people worldwide and reported net sales of USD 11.80 billion for 2024; this does not include the divested aerospace business.
Source: Ball
