Ball acquires aluminium aerosol-can supplier

Metal-packaging company Ball has signed a definitive agreement with Barclays Private Equity to acquire Aerocan, a supplier of aluminum aerosol cans and bottles in Europe, for approximately €221m (£185.7m) inclusive of debt and other liabilities.

Subject to customary closing conditions, the acquisition is expected to close during the first quarter of 2011 and the company expects the after-tax returns from acquired business to exceed Ball’s return requirements.