Printer Friendly

BALL CORP. COMPLETES ACQUISITION OF KERR GLASS MANUFACTURING'S COMMERCIAL GLASS CONTAINER BUSINESS

 BALL CORP. COMPLETES ACQUISITION OF KERR GLASS MANUFACTURING'S
 COMMERCIAL GLASS CONTAINER BUSINESS
 MUNCIE, Ind., March 2 /PRNewswire/ -- Ball Corporation (NYSE: BLL) today said it had completed the acquisition of certain assets related to the commercial glass manufacturing operations of Kerr Glass Manufacturing Corporation (NYSE: KGM) for approximately $70 million.
 Ball had signed a definitive agreement to acquire the assets in late November last year. The acquisition was completed Feb. 28 following approval by Kerr shareholders at a special meeting in Los Angeles.
 Delmont A. Davis, Ball's president and chief executive officer, said the former Kerr facilities at Santa Ana, Calif.; Plainfield, Ill.; Dunkirk, Ind. and Sand Springs, Okla. would be integrated into and operated by the company's wholly owned subsidiary, Ball-InCon Glass Manufacturing Corp.
 With the addition of the Kerr commercial glass business, which does not include that company's home canning line, Ball-InCon will now operate 16 glass container manufacturing plants and one glass container mould production facility, in 10 states, employing approximately 6,000 people and will have annual sales of approximately $750 million. Ball-InCon is the third largest glass container manufacturer in the United States, and the leading producer of glass containers for food.
 Ball Corporation is a manufacturing company with principal interests in packaging products sold to customers in the food and beverage industries. The company also provides aerospace systems products, professional services and industrial products to government and commercial customers. Ball's sales last year were a record $2.3 billion.
 -0- 3/2/92
 /CONTACT: Larry Miller, 317-747-6170 or after hours at 317-286-5856; or Brad Wilks, 317-747-6165 or after hours at 317-282-6198; both of Ball Corporation/
 (BLL) CO: Ball Corporation ST: Indiana IN: SU: TNM


KK -- CL005 -- 3743 03/02/92 08:27 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 2, 1992
Words:288
Previous Article:CRAIN'S DETROIT BUSINESS IDENTIFIES MORE GM PLANTS AT RISK OF CLOSING
Next Article:COMPAQ UNVEILS NEXT-GENERATION GRAPHICS PRODUCTS AND AFFORDABLE NEW DESKTOPS AND PC SERVERS
Topics:


Related Articles
KERR COMPLETES SALE OF COMMERCIAL GLASS CONTAINER BUSINESS
KERR REPORTS 1991 RESULTS
SYBRON ANNOUNCES ACQUISITION OF I-CHEM RESEARCH
Owens-Illinois Completes Acquisition Of AVIR
CertainTeed Agrees to Acquire ABTco Fibercement Operations.
Owens-Illinois to Sell Rockware Group Limited.
Guardian Industries Announces Purchase of Partner's Equity in Siam Guardian.
Owens-Illinois Adds Glass Container Operations In Colombia, Peru.
Owens-Illinois Announces Agreement to Acquire Canadian Glass Container Operations.
Owens-Illinois Acquires Canadian Glass Container Operations.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters