Ball reduces ownership in Saudi Arabia venture

Ball Corporation has announced it has completed the sale of 41% of its 51% ownership interest in Ball United Arab Can Manufacturing Company (UAC), its consolidated joint venture in the Kingdom of Saudi Arabia, to a subsidiary of ORG Technology (ORG) for approximately USD $70 million, which is subject to customary closing adjustments.

This transaction deepens the multi-year relationship with ORG and combines Ball’s global can innovation and customer reach with ORG’s regional execution and manufacturing scale. Upon closing, Ball deconsolidated UAC and retains a 10% ownership interest.

“Today’s announcement reflects our continued focus on a disciplined, returns‑oriented portfolio,” said Daniel W Fisher, chairman and chief executive officer.

“We are pleased to deepen our relationship with ORG and look forward to collaborating to better serve customers in the Kingdom of Saudi Arabia and across the broader Middle East. By streamlining ownership while maintaining a strategic minority position, we strengthen our flexibility to invest behind core growth, EVA expansion, and long‑term value creation.”