Monday, Bway Corp., the principal operating subsidiary of container supplier Bway Holding Company (BWY), agreed to acquire Ball Corp.'s (BLL) injection molded plastic pail plant and business for $32 million in cash. Bway also said it expects fourth quarter adjusted EPS and EBITDA at the high end of its earlier guidance.
Bway signed a definitive asset purchase agreement with metal and plastic packaging supplier Ball Corp. to acquire its plastic pail plant and business, with the deal expected to close end October. The acquisition is expected to be funded with available cash on hand, the company said.
Ken Roessler, chief executive officer of Bway said, "This business is an excellent fit with the company's core market add-on acquisition strategy. In addition to sales and market share growth, this acquisition provides further product portfolio expansion through the addition of well established screw top pail designs which supports the company's goal of positioning Bway as the premier supplier for rigid general line packaging. We expect to realize significant synergies, including potential future plant rationalizations."
In a separate statement, Ball's Chief Executive Officer John Hayes said, "The plastic pail product line was not a strategic focus for Ball and was a small part of our plastic packaging segment. Its sale is consistent with our strategy to focus on our core businesses."
Separately, Bway said it expects fourth quarter and full year adjusted EBITDA and EPS to be at the high end of it's earlier guidance. On August 5th, the company had said it expected adjusted net income in the range of $0.34 per share to $0.39 per share for the fourth quarter, compared to $0.33 per share a year ago.
The company guided its adjusted EBITDA in the range of $33 million to $35 million, compared to $31.5 million for the fourth quarter last year. The company lifted its guidance on adjusted free cash flow to exceed $50 million, compared to previous guidance of $46-$48 million.
For the fourth quarter, six analysts polled by Thomson Reuters expect earnings of $0.38 per share on revenues of $244.35 million for the quarter. Analysts' estimates typically exclude special items.
For the full year, the company had announced a guidance of adjusted net income per share in the range of $1.20 to $1.26 per share. Analysts currenty expect earnings of $1.27 per share, with a low estimate of $1.25 per share and a high estimate of $1.30 per share.
BWY closed Monday's regular trading at $19.61, down $0.15 or 0.76%, on a volume of 85 thousand shares on the New York Stock Exchange.
BLL closed Monday's regular trading at $52.07, up $0.51 or 0.99%, on a volume of 1.18 million shares on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.