Ball Corporation has finalized the sale of a 41% ownership interest in Ball United Arab Can Manufacturing Company (UAC), its Saudi Arabia-based metal can packaging joint venture. The stake was acquired by a subsidiary of ORG Technology Co., Ltd. (ORG) for approximately USD $70 million, subject to customary closing adjustments. Ball now retains a 10% minority interest and has deconsolidated UAC from its financial results.
UAC specializes in manufacturing aluminum beverage cans, serving regional demand across the Kingdom of Saudi Arabia and the broader Middle East. The transaction shifts majority ownership to ORG, a Chinese metal packaging company, and reinforces an existing collaboration between the two businesses.
Ball initially held a controlling 51% share in UAC. The move to reduce its stake is part of a broader portfolio adjustment strategy, focusing capital and operational resources on core areas of growth while retaining involvement in key international markets.
“Today’s announcement reflects our continued focus on a disciplined, returns‑oriented portfolio,” said Daniel W. Fisher, chairman and chief executive officer of Ball Corporation. “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.”
With a growing emphasis on regional manufacturing and supply chain localization, the agreement positions ORG to expand its footprint in the Middle East’s metal packaging sector, particularly in aluminum can production. Ball’s retained minority interest maintains its strategic presence in the region’s beverage can market, while freeing up capital for investments in core operations and innovation in metal packaging solutions.