After deciding to leave the Russian market in March 2022 due to Russia’s conflict with Ukraine, Ball Corporation, a provider of metal packaging in the US, announced that it has completed the sale of its beverage packaging business in Russia for US$530 million to Russia’s Arnest Group.
Arnest Group has now acquired all of Ball's business in Russia. The sale was expected not to affect Ball's business outside Russia.
Arnest is a large manufacturer of aerosol packaging for perfumes, cosmetics, and household products in Russia.
Russia’s Arnest acquires Ball's beverage packaging business in Russia
23 Sep 2022 15:46 reported by Joy Liu
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