- Ball Corp (NYSE:BALL) is partnering with private investment firm Manna Capital Partners in which the latter will construct and operate an aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico.
- Ball will enter into a long-term supply agreement and intends to take a minority equity position in the mill. The financial terms were not disclosed.
- The partnership aims to create a sustainable domestic supply chain for the growing beverage packaging market.
- Ball and other customers of the new mill will be provided high recycled content aluminum can sheets under long-term supply agreements.
- The mill is expected to be operational in 2026, and further investment in used beverage can (UBC) recycling infrastructure is anticipated to supply the rolling mill with enough scrap material.
- Price Action: BALL shares traded higher by 2.63% at $72.14 on the last check Thursday.
