The North American Ball Corporation has acquired Alucan, a Catalan company dedicated to the manufacture of aluminium bottles and aerosols, in an operation valued at 82 million euros, according to the US multinational, which is listed on the New York Stock Exchange.
With this acquisition, Ball Corporation has taken 100% of the shares of Alucan, which previously belonged to its founders, Jordi Espada and Elisenda Miravitlles, as well as Suma Capital, which had held a minority stake since 2016.
‘We are satisfied with the transaction after eight years betting on the growth of Alucan,’ said David Arroyo, partner at Suma Capital. Arroyo says that since Suma's entry into the capital Alucan has invested 35 million in its international expansion, including the opening of a factory in Belgium.
Alucan currently has an annual turnover of approximately 60 million euros and a team of around 90 employees. Over more than 40 years, the company has established itself in both the local and international market in the aluminium monobloc packaging sector, supplying customers in the food, beverage, pharmaceutical and cosmetics sectors.
The company is now entering a new phase under the support of Ball Corporation, which also specialises in the manufacture of aluminium packaging. This group is a global leader in the sector, with an annual turnover of more than 12 billion euros and a workforce of 16,000 employees worldwide.
Ball Corporation president Jay Billings said in the statement that ‘the integration of Alucan will provide greater flexibility and innovation and the ability to help its consumers bring new products to market faster and more sustainably’.
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