According to Ball, the combined company will have pro forma 2014 revenue of approximately $15 billion and approximately 22,500 employees across five continents.
Food and beverage packaging solutions company the Ball Corporation and Rexam PLC announced the terms of an offer by Ball to acquire Rexam, a leading metal beverage can manufacturer, in a cash and stock transaction valued at $8.4 billion.
Headquartered in London, Rexam PLC operates 55 can manufacturing plants in more than 20 countries, employing approximately 8,000 people. According to Ball, the transaction is supported by both companies’ boards of directors.