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    Home»Mergers & Acquisitions»Packaging maker Sonoco to acquire Ball Metalpack for $1.35 bln
    Mergers & Acquisitions

    Packaging maker Sonoco to acquire Ball Metalpack for $1.35 bln

    December 21, 2021Updated:December 21, 20211 Min Read
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    Packaging products provider Sonoco Products Co said on Monday it will buy sustainable metal packaging manufacturer Ball Metalpack for $1.35 billion in cash to expand its sustainable packing portfolio.

    Ball Metalpack is projected to generate about $850 million in revenue and $111 million of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in 2021, Sonoco said.

    Sonoco has obtained a commitment from JPMorgan Chase Bank for a $1.0 billion senior unsecured bridge loan facility, in connection with the acquisition.

    Read more/Source: Reuters

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