India, March 22 -- Ball Corp. (BALL) announced its decision to sell its Ball Aluminum Cup assets. As part of this move, the company will form a joint venture to manage and develop the assets further.
Ball announced the closing of a 49:51 joint venture with Ayna.AI, a,strategic advisory and implementation firm in the industrial technology space. This strategic venture will accelerate the continued development and growth of the Aluminum Cup category.Ball Corp. noted that the newly formed joint venture will be named Oasis Venture Holdings, LLC, and will consist of the Aluminum Cup business, including its commercial, supply chain and manufacturing teams and the plant in Rome, Georgia, which will serve as the venture's new headquarters.
Ayna a...