Ball Corp. (BLL) announced that it has agreed to acquire Guangdong Jianlibao Group Co., Ltd.'s 65% interest in a joint venture metal beverage can and end plant in Sanshui, China. Ball will acquire the plant and related assets for approximately $90 million in cash and assumed debt. The company also entered into a long-term supply agreement with Jianlibao. The transaction is expected to close next year.
Ball has owned 35% of the joint venture plant since 1992.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.