The acquisition is expected to be immediately accretive to earnings per share in 2022, with additional accretion expected in 2023 from synergies, new business development and productivity . The offer was made and the HR team was great once again. Sonoco, a major sustainable packaging company, has agreed to acquire Ball Metalpack. Apply to Caddie, Line Technician, Baker and more! Discover a product life cycle that's better for our planet and better for you and your customers. The interviewer made me feel comfortable and it was a great conversation overall. It lasted about 2.5 hours with a sit down interview along with a site tour. Sonoco announced it has entered into a definitive agreement to acquire Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America, for $1.35 billion in cash before taking into consideration tax benefits with an estimated net present value of approximately $180 million. Ball Metalpack is a joint venture . Job Description. At Sonoco, we offer a comprehensive total rewards package including competitive pay and benefits package options that include: Medical, dental, and vision coverage. Full-year cash flow from operations was . Paid vacation, sick time and holidays to recreate and rejuvenate and care for the health of yourself and family. For context, the Metalpack. Platinum Equity and Ball Corporation (NYSE:BLL) today announced the signing of a definitive agreement to sell Ball Metalpack to Sonoco (NYSE: SON) in a transaction valued at approximately $1.35 billion. Ball Metalpack employees attributed a compensation and benefits rating of 4.1/5 stars to their company. The transaction multiple, adjusted for tax benefits and synergies, is projected to be approximately 8.9 times Ball Metalpack's 2021 adjusted EBITDA. Sonoco has disclosed a $1.35 billion all-cash deal for ball metal pack, a U.S.-based metal food can producer, owned by Platinum Equity (51%) and Ball Corp ( BLL) (49%). Customer Service Manager (Current Employee) - Broomfield, CO - May 3, 2021 -Competitive Pay, Good Benefits including extras like pet insurance, legal coverage, identity protection, etc -Leadership is active in the office and are approachable and open to ideas and suggestions Sonoco (NYSE: SON) has acquired Ball Metalpack, a manufacturer of sustainable metal packaging for food and household products for $1.35B in cash before taking into consideration tax benefits with . The acquisition was funded by proceeds from the . . Meantime, the base earnings for the initial quarter of the current year are estimated at $1.25-$1.35 per diluted share. 87 Ball jobs available in Navarre, OH on Indeed.com. Ball Metalpack supplies innovative, sustainable packaging solutions for aerosol, food, household consumable, pet food, nutritional, and other products in North America. Ball Metalpack employees attributed a compensation and benefits rating of 4.1/5 stars to their company. VIEW ALL. Copper Scrap. Sonoco previously provided fourth-quarter and full-year 2021 base earnings guidance of $0.84 to $0.90 and $3.49 to $3.55 per diluted share, respectively. Sonoco acquired Ball Metalpack for $1.35 billion in cash subject to customary adjustments, including for working capital, cash and indebtedness. Sonoco expects the full-year 2022 base earnings to range between $4.60 and $4.80 per diluted share, including the projected benefits on account of acquisition of Ball Metalpack. $34.12 plus shift diff. Closing of the transaction is subject to satisfaction of customary closing conditions, including regulatory review, and is expected to be completed in the first quarter of 2022. Sonoco expects to realize tax benefits of $180 million from the . At Sonoco Metal Packaging, we offer a comprehensive total rewards package including competitive pay and benefits package options that include: Medical, dental, and vision coverage. Schedule: 4x4 schedule. Sonoco acquired Ball Metalpack for $1.35 billion in cash subject to customary adjustments, including for working capital, cash and indebtedness. At Sonoco Metal Packaging, we offer a comprehensive total rewards package including competitive pay and benefits package options that include: Medical, dental and vision coverage A 401 (k) retirement plan with company match Tuition reimbursement plan Paid time off and holidays to recreate, rejuvenate and care for the health of yourself and family Ball Metalpack supplies innovative, sustainable steel packaging solutions for food and aerosol products in North America. 3.0 Work-Life Balance 3.7 Pay & Benefits 2.8 Job Security & Advancement 2.8 Management 2.9 Culture Sort by Helpfulness Date Language Found 4 reviews matching the search See all 50 reviews Ball Metalpack insights Based on 69 survey responses What people like Ability to meet personal goals Fair pay for job Areas for improvement Trust in colleagues The acquisition was funded by proceeds from the . Ball Metalpack is proud to provide equal employment opportunity to individuals regardless of race, ethnicity, color, creed, religion, gender, age, national origin, marital status, sexual orientation, gender identity or . The addition of Ball Metalpack will complement Sonoco's extensive consumer packaging franchise, and enhance its sustainable packaging portfolio with metal packaging. Ball Metalpack was formed in June 2018 as a joint venture between majority owner Platinum Equity and Ball Corporation. Good morals and direction Sustainable and consistent work Good support from leadership Interesting work Cons - Recently bought out - pay could be higher - mature job market Continue reading Be the first to find this review helpful Helpful Share ReportFlag as Inappropriate Join the Ball Metalpack team See Our Latest Jobs 5.0 Furthermore, Sonoco will realize at least $20 million in annual synergies as a . It may not be complete. At Ball Metalpack, we offer a comprehensive, total rewards package including Competitive pay and Benefits package options: Medical, dental, and vision coverage, paid vacation and holidays to recreate, rejuvenate and care for the health of yourself and family; 401(k) retirement plan with company match Sonoco expects to realize future tax benefits having an estimated net present value of approximately . Revealing a Better World. Ball Metalpack supplies innovative, sustainable steel packaging solutions for food and aerosol products in North America. Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Accidental Death & Dismemberment Insurance Employer Verified Dental Insurance Ball Metalpack insights Based on 80 survey responses What people like Fair pay for job Areas for improvement Trust in colleagues Sense of belonging Inclusive work environment 5.0 Job Work/Life Balance Compensation/Benefits Job Security/Advancement Management Job Culture Great company with lots of opportunities Sonoco expects to realize tax benefits with a net present value of approximately $180 million. The transaction multiple, adjusted for tax benefits and synergies, is projected to be approximately 8.9 times Ball Metalpack's 2021 adjusted EBITDA. Read what they think about their salaries on our Compensation FAQ page for Ball Metalpack . A 401 (k) retirement plan with company match. 1. Previously Ball Metalpack we're a company with 130 years of experience, and we're proud to continue our legacy as an industry leader in innovative, next-generation packaging solutions. Sonoco is seeking a high-caliber industrial/manufacturing electrician for our steel food & aerosol can manufacturing plant in Columbus, Ohio. Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today announced it has entered into a definitive agreement to acquire Ball Metalpack, a leading manufacturer of . The transaction multiple, adjusted for tax benefits and synergies, is projected to be approximately 8.9 times Ball Metalpack's 2021 adjusted EBITDA. -Competitive Pay, Good Benefits including extras like pet insurance, legal coverage, identity protection, etc -Leadership is active in the office and are approachable and open to ideas and suggestions -Employees have a long history and knowledge in the company and industry as a whole Ball Metalpack Customer Service Manager Review - Great Place To Work! Sustainability is a part of everything we dofrom packaging design and sourcing to end-of-life. The acquisition is expected to be immediately accretive to earnings per share in 2022, with additional accretion expected in 2023 from synergies, new business development and productivity . The company entered into a definitive agreement to acquire Ball Metalpack for $1.35 billion (1.19 billion), before taking into consideration tax benefits with an estimated net present value of approximately $180 million (159 million). A 401 (k) retirement plan with company match. Ball Metalpack is estimated to generate revenues of around $850 million and adjusted EBITDA of $111 million in the current year. Hiring bonus $1,500. Paid vacation, sick time and holidays to recreate and rejuvenate and care for the health of yourself and family. Ball Metalpack is the leading supplier of sustainable metal packaging for food and household products and the . Benefits day one! Shift: Nights. Dec 20 (Reuters) - Packaging products provider Sonoco Products Co (SON.N) said on Monday it will buy sustainable metal packaging manufacturer Ball Metalpack for $1.35 billion in cash to expand its. Read what they think about their salaries on our Compensation FAQ page for Ball Metalpack . Ideas in action Ball embraces the definition of a circular economy provided by the Organization for Economic Co-operation and Development (OECD) described in The Circular Economy: What, Why, How and Where. 3.0 Work-Life Balance 3.6 Pay & Benefits 2.8 Job Security & Advancement 2.7 Management 2.9 Culture Sort by Helpfulness Rating Date Language Showing all 52 reviews Management is an huge issue with this company to say the least management complicates working there and the environment is tougher for minorities . Read more Ball Metalpack Reviews 3.8 69 % Current and former employees report that Ball Metalpack provides the following benefits. The acquisition is expected to be immediately accretive to earnings per share in 2022, with additional accretion expected in 2023 from synergies, new business development and productivity . At Ball Metalpack we offer a comprehensive total rewards package including Competitive pay and Benefits package options. Explore Our Sustainability Story. Answering all questions that I had about the position such as start date, benefits, and what they expected as a future Ball employee. With about 1,300 employees, the private company is based in Broomfield,.
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