Ball Corp., Platinum Equity form Ball Metalpack

Broomfield, Colo.-based Ball Corp. and Platinum Equity have entered into joint venture and definitive purchase agreements to form Ball Metalpack, a new packaging company that manufactures steel containers for aerosol products, food, household consumables, pet food, and nutritional products.

Ball will contribute its U.S. steel food and aerosol packaging manufacturing assets to the joint venture. These include the following tinplate steel assets: Canton (Brookline and Warner Road) and Columbus, Ohio; Milwaukee and Deforest, Wis.; Chestnut Hill, Tenn.; Horsham, Pa.; Springdale, Ark.; and Oakdale, Calif. Jim Peterson, who currently manages those assets, will act as CEO of the joint venture.

Ball will continue to wholly own and operate its aluminum aerosol packaging facilities in the U.S., Canada, Europe, India, and Mexico, and its steel aerosol facilities in Argentina, as well as the Findlay, Ohio, metal packaging facility, which largely produces aluminum beverage containers. The Findlay facility will continue to produce two-piece steel food cans for Ball Metalpack under a long-term supply contract.