EXHIBIT 99
Published on November 15, 1996
Ball Corporation
Current Report on Form 8-K
Dated November 15, 1996
Exhibit EX-99
Following is the text of a press release disseminated by the registrant on
November 4, 1996:
BALL ANNOUNCES NEW PET SUPPLY AGREEMENT AND ACQUISITION OF ASSETS
MUNCIE, Ind., November 4, 1996--Ball Corporation [NYSE: BLL] today
announced it has reached a definitive agreement with the Honickman Group of
Philadelphia to acquire for approximately $30 million certain assets of
Brunswick Container, a company which manufactures PET plastic bottles for use
by Honickman's soft drink bottling companies. The agreement includes an
arrangement for Ball to supply Honickman's requirements for PET plastic
bottles.
Brunswick currently operates two plants, one in New Jersey and one in
Virginia, producing PET soft drink bottles. Ball will construct a new
state-of-the-art plant in the greater Philadelphia area and will acquire the
Brunswick plant in Virginia. Site selection for the new facility is underway.
Ball said it planned to build upon the Honickman and other soft drink business
by supplying PET containers to additional food and beverage customers.
"Our continued expansion in the rapidly growing PET market, combined
with the recent sale of our mature glass and aerosol container manufacturing
businesses, demonstrates our commitment to repositioning Ball Corporation for
future growth," said George A. Sissel, chairman, president and CEO.
Ball Corporation produces rigid metal and plastic containers, largely
for foods and beverages, and provides aerospace and other technologies and
services to government and commercial customers.
The company reported 1995 sales of $2.6 billion.
* * *
Note: This news release may contain forward-looking statements as encouraged
by the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are necessarily projections which are subject to change upon the
occurrence of certain events which may affect the business, many of which are
set forth in the company's 8-K report filed with the Securities and Exchange
Commission on July 16, 1996.
19/96
Media Contact: Scott McCarty, 317/747-6175, evenings 317/284-2351,
smccarty@ball.com
Investor Contact: Doug Poling, 317/747-6465, evenings 317/287-8470,
dpoling@ball.com
Ball Corporation Home Page: http://www.ball.com