US: Anheuser-Busch InBev completes packaging plants sale

By just-drinks.com editorial team | 1 October 2009

Anheuser-Busch InBev has completed the sale of four metal can and lid packaging plants to Ball Corporation for US$577m.

The Belgium-based brewing giant announced today (1 October) that it has closed the sale of the plants, which were owned by its subsidiary firm, Metal Container Corporation.

The move is part of A-B InBev's stated commitment to disposing of US$7bn-worth of assets "as quickly as possible".

As part of the transaction, Ball Corporation has signed a long-term supply agreement to continue to supply A-B InBev with metal beverage cans and lids from the divested plants.

Ball has committed, as part of the acquisition agreement, to offer employment to each active employee of the plants, the brewer said.

Sectors: Beer & cider, Soft drinks

Companies: InBev, Anheuser-Busch