AB InBev: To Sell Four Metal Container Plants To Ball
July 01 2009 - 6:10AM
Dow Jones News
Brewing giant Anheuser-Busch InBev (ABI.BT) Wednesday said it
will sell three beverage can manufacturing plants and a metal lid
plant to Ball Corporation (BLL) for $577 million in cash.
Ball will continue supplying metal cans to AB InBev under a
long-term supply contract as part of the deal, AB InBev said.
The plants - located in Wisconsin, Ohio, Georgia and Florida -
represent 40% of the capacity of the Metal Container Corporation,
AB InBev's can-making subsidiary, which it acquired with its
takeover of Anheuser-Busch last year.
The brewer, based in Leuven, Belgium, said it has no plans to
sell the Metal Container Corporation's remaining seven plants.
-By Matthew Dalton, Dow Jones Newswires; +32 2 741 1487;
matthew.dalton@dowjones.com