US-based metal packaging manufacturer Independent Can Company (ICC) has agreed to purchase Ball’s specialty tin manufacturing facility in Baltimore, Maryland, for around $25m.
With the deal, ICC aims to boost its position in the specialty metal packaging and printing sector in North America.
Subject to customary closing adjustments, the deal is expected to be completed during the last quarter of 2016.
Independent Can Company president and board chairman Rick Huether said: “Baltimore is a phenomenal location for can making and the two companies really complement each other.”
With around 50 employees, the Baltimore facility manufacturers various specialty and custom tinplate cans for a range of applications, from cosmetics to promotional items.
Following the completion of the deal, the facility’s employees will be transferred to ICC.
In 2006, Ball purchased the facility as part of its acquisition of U.S. Can Corporation's US and Argentinean operations.
With 18,700 employees worldwide, Ball also provides various technologies and services for aerospace customers and the US government.
It offers sustainable packaging solutions for food, beverage and household product sectors.
Independent Can Company lithography vice-president Ryan Huether said: “The synergies between the two plants are many and will increase the value to our customers in many product segments.”
The company currently operates four manufacturing facilities, as well as one distribution and logistics hub.
Image: Ball’s specialty tin division. Photo: courtesy of Kristoffer Tripplaar / Alamy Photos.