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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