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Ball to acquire Aerocan S.A.S.

Ball Corp. has announced that it has signed a definitive agreement with Barclays Private Equity to acquire Aerocan S.A.S., a supplier of aluminum aerosol cans and bottles in Europe, for approximately &eruo;221 million inclusive of debt and other liabilities. The acquisition is expected to close during the first quarter of 2011, subject to customary closing conditions. The company expects the after-tax returns from the acquired business to exceed Ball’s return requirements.

Aerocan manufactures aluminum aerosol cans and bottles, and aluminum slugs used to make them, for customers in the personal care, pharmaceutical, beverage and food industries. It operates three aerosol can manufacturing plants — in Velim, Czech Republic; Bellegarde, France; and Devizes, U. K. — and is a 51 percent owner of a joint venture aluminum slug plant in Beaurepaire, France. The four plants employ approximately 480 people.

Ball Corp. is a supplier of packaging for beverage, food, and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. The corporation and its subsidiaries employ more than 14,000 people worldwide.