Ball Corp. to sell Baltimore facility for $25M

BROOMFIELD — Can manufacturer Ball Corp. (NYSE: BLL) plans to sell its specialty tin-manufacturing facility in Baltimore, Md., to U.S.-based Independent Can Co. for approximately $25 million.

Broomfield-based Ball Corp. expects the deal to close during the fourth quarter of 2016, and the proceeds are subject to customary closing adjustments.

The Baltimore plant employs approximately 50 people and manufactures a range of specialty and custom tinplate cans for a range of applications from cosmetics to promotional items.

Ball acquired the plant in 2006 as part of the company’s acquisition of U.S. Can Corp.