Ball Corporation has agreed to acquire an 80% interest in Benepack’s European beverage can manufacturing operations for €184m ($216m).
The US-based aluminium packaging manufacturer stated that the deal covers two production facilities, one in Belgium and one in Hungary.
Benepack shareholders will retain the remaining 20% ownership.
Completion of the transaction is anticipated in the first quarter of 2026.
Benepack supplies aluminium beverage cans to multinational and domestic drinks companies across Western and Eastern Europe.
The proposed consideration reflects the strategic fit and geographic complementarity of Benepack’s operations.
Ball Corporation CEO Ron Lewis commented: “Benepack's plants in Belgium and Hungary are well-positioned to serve a growing base of beverage customers across Europe. This investment further optimises our European manufacturing network, supports long-term volume and economic value-added dollar growth with key customers and reinforces aluminium beverage cans as a sustainable, scaleable packaging choice.”
All necessary regulatory approvals have already been secured.
The transaction is still subject to standard closing conditions specified in the purchase agreements.
Ball Corporation provides aluminium packaging for beverages, personal care and household products.
The company has a global workforce of 16,000 and reported 2024 net sales of $11.8bn, excluding its previously divested aerospace division.
In November 2025, it unveiled plans to invest $60m to expand production capacity at its manufacturing facility in Sri City, in the Indian state of Andhra Pradesh.
This followed a near-$55m commitment by the company in 2024 to expand its can manufacturing plant in Taloja, Maharashtra.
In November 2025, the company appointed Ronald J. Lewis as CEO and board member, replacing Daniel W Fisher.
The board has also elected Stuart A Taylor II as chairman, while Daniel J Rabbitt has been appointed as chief financial officer (CFO) after serving as interim CFO since May 2025.
