Ball Corp is well positioned to benefit from the global shift to sustainable packaging

Ball is the world’s largest manufacturer of aluminum beverage cans. Aluminum cans, used primarily to produce carbonated soft drinks and beer, have historically been a low-growth industry but with favorable competitive dynamics for incumbents. In 2016, Ball became the world’s largest manufacturer of aluminum beverage cans following its major acquisition of Rexam. As a condition of the acquisition, Ball was required to sell eight aluminum can plants in the United States. These assets were sold to Ball’s competitor, Ardagh. Since the acquisition, Ball has divested from specific industries (such as steel food and aerosol containers) and regions (China) to focus on aluminum can production in markets where it can generate significant economic profits.