Manufacturing  November 3, 2016

Broomfield-based Ball Corp. breaks even, announces Charlotte plant closure

BROOMFIELD – Ball Corp. (NYSE: BLL) on Thursday announced, along with its third-quarter earnings, that the company will close a regional support center in Charlotte, N.C., in 2017.

The facility was acquired in the Broomfield-based metal-can maker’s acquisition of rival Rexam. Company officials pointed to its closure as evidence that the integration of Rexam operations into Ball is going as planned.

Ball officials said the merger figures to deliver $150 million of cost savings next year, with the planned $300 million in annual savings expected by 2019.

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“We continue to make progress toward our integration and synergy capture goals, and I could not be more proud of our team,” John Hayes, chairman, president and CEO of Ball, said in a news release. “We are fully executing upon our integration and rationalization plans as evidenced by the closure of the acquired Charlotte, North Carolina regional support center targeted in 2017. We plan to make future announcements regarding other actions at the appropriate time.”

Filing its first earnings report reflecting results of the combined company, Ball posted breakeven earnings for the third quarter. That was compared to a profit of $45 million, or 32 cents per share, one year earlier. Revenue came in at $2.8 billion, up from $2.1 billion a year earlier.

The company’s Boulder-based aerospace segment contributed $204 million in revenue, the same as one year earlier. But the segment’s contracted backlog grew to more than $1.4 billion, indicating more jobs and more revenue for the segment going forward.

BROOMFIELD – Ball Corp. (NYSE: BLL) on Thursday announced, along with its third-quarter earnings, that the company will close a regional support center in Charlotte, N.C., in 2017.

The facility was acquired in the Broomfield-based metal-can maker’s acquisition of rival Rexam. Company officials pointed to its closure as evidence that the integration of Rexam operations into Ball is going as planned.

Ball officials said the merger figures to deliver $150 million of cost savings next year, with the planned $300 million in annual savings expected by 2019.

“We continue to make progress toward our integration and…

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