ANHEUSER-BUSCH INBEV TO SELL FOUR MANUFACTURING PLANTS FOR $577 MILLION

by admin

FORT ATKINSON, WIS., AND COLUMBUS, OHIO — Anheuser-Busch InBev (InBev) has agreed to sell four of its manufacturing plants to Ball Corp. for $577 million. The facilities are controlled by Metal Container Corp., InBev’s U.S. metal packaging subsidiary, and are used to produce cans and lids for soft drink production. The facilities include two can plants located in Fort Atkinson and Columbus, as well as a can plant located in Rome, Ga., and a lid plant located in Gainesville, Fla. As part of the agreement, Ball Corp. will continue to supply InBev with cans and lids from the divested plants. The transaction is expected to close by the end of the year or in the first quarter of 2010. Deutsche Bank AG and Lazard Frères & Co. are serving as financial advisors Sullivan & Cromwell is serving as legal counsel on behalf of InBev.

You may also like