Ball Corporation has moved to expand its European manufacturing footprint through agreements to acquire a majority stake in Benepack’s beverage can production operations in Belgium and Hungary. The acquisition, valued at approximately €184 million for an 80% stake, represents a significant strategic investment intended to strengthen Ball’s position across Western and Eastern Europe. Benepack’s existing shareholders will retain the remaining 20 percent of the business.
The two manufacturing facilities complement Ball’s existing European network by expanding its footprint in regions with growing demand for aluminum beverage packaging. Ball emphasized that the valuation reflects both the quality of the assets and the geographic fit within its broader operations.
Regulatory approvals for the transactions have been secured, and closing is expected in the first quarter of 2026, subject to satisfaction of the customary conditions outlined in the purchase agreements. The acquisition is designed to advance Ball’s long-term growth objectives, expand customer relationships across Europe, and support continued adoption of aluminum beverage cans as a sustainable packaging solution.
Ball Corporation, a leading supplier of aluminum packaging for beverage, personal care, and household products, employs 16,000 people worldwide and reported 2024 net sales of $11.80 billion, excluding its divested aerospace business.
KEY QUOTES:
“Benepack’s plants in Belgium and Hungary are well positioned to serve a growing base of beverage customers across Europe. This investment further optimizes our European manufacturing network, supports long-term volume and EVA dollar growth with key customers and reinforces aluminum beverage cans as a sustainable, scalable packaging choice.”
Ron Lewis, Chief Executive Officer, Ball Corporation
