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Announced

Completed

Arnest Group completed the acquisition of the Russian beverage packaging business of Ball for $530m.

Financials

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Transaction Value£467m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Containers and Packaging

Completed

Single Bidder

Russian Federation

Private

Domestic

Majority

Friendly

beverage packaging

Synopsis

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Arnest Group, a manufacturer of perfume, cosmetic and household products in aerosol packaging, completed the acquisition of the Russian beverage packaging business of Ball, a supplier of innovative, sustainable aluminum packaging solutions, for $530m. "This decision is the result of many months of consideration, delivering a solution that best secures the future of Ball's colleagues and assets in Russia. We believe this is a sound outcome for Ball in these geo-political circumstances," Dan Fisher, Ball President and CEO.

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