MUNCIE, Ind. Ball Corp. said Wednesday it will spin off its homecanning business and several other operations to concentrate on itscore business in packaging products.
The new company, which has not been named, will be headed byWilliam L. Peterson, Ball vice chairman and chief financial officer.It will employ about 1,500 people at 11 sites in the United Statesand Puerto Rico.
The seven product lines involved in the spinoff accounted forabout $250 million of Ball's total $2.3 billion in sales last year.The lines include Ball's home canning jars, a zinc business thatmakes dry-cell …
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