Ball Corporation has sold its Russian beverage packaging business to the Arnest Group for US$530 million. Following its decision last March 2022 to divest from the Russian market, Ball Corporation announced that it has completed the sale of its beverage packaging business in Russia to Arnest Group who has acquired all of Ball Corporation’s Russian-based business.
“This decision is the result of many months of consideration, delivering a solution that best secures the future of Ball’s colleagues and assets in Russia. We believe this is a good outcome for Ball in these geopolitical circumstances,” reported Dan Fisher, president and CEO of Ball Corporation.
The Arnest Group is the largest manufacturer of perfumes, cosmetics and household products in aerosol packaging in Russia. Previously, Ball’s aluminum aerosol division had the opportunity to work with Arnest’s world-class team.
