The Ball Corporation group has acquired Alucan, the company of Catalan origin specialized in the manufacture of bottles and aluminum aerosols. The operation has been closed for 82 million euros, according to sources of the multinational.
Ball Corporation has taken 100% of the shares of Alucan, which to date were held by the founders, Jordi Espada and Elisenda Miravitlles and the Barcelona fund Suma Capital, which had held a minority stake since 2016.
“We are satisfied with the operation after eight years betting on Alucan’s growth”, celebrates David Arroyo, partner of Suma Capital together with Enrique Tombas and Pablo de Muller. Arroyo assures that since the entry of Suma Capital, Alucan has invested 35 million in its international expansion, including the opening of a factory in Belgium.
Currently, the company has an annual turnover of about 60 million euros and about 90 employees. For more than 40 years, it has positioned itself in the local and international market for aluminum monobloc containers, , which it sells to food, beverage, pharmaceutical and cosmetic companies.
Ball Corporation is an industry giant with an annual turnover of more than 12 billion euros and 16,000 employees.
Ball Corporation president Jay Billings says in a statement that “the integration of Alucan will provide greater flexibility and innovation and an ability to help its consumers bring new products to market faster and more sustainably.”
