Broomfield-based Ball Corp. is shuttering its beverage can end manufacturing plant in Bristol, Va., early next year as part of cost-saving measures, company officials announced Wednesday.
About 230 people work at the Bristol plant, which is expected to close in May 2016, Ball spokesman Scott McCart said. The facility opened in 1971 and is one of Ball’s oldest North American plants.
Salaried employees will be provided with severance packages and hourly employees’ benefits will be determined after bargaining efforts with the workers’ union, McCarty said.
Other Ball facilities in North America, including the company’s site in Golden, will supply the can ends moving forward, McCarty said.
“We’re always trying to better position our manufacturing,” he said.
As demand shrank for standard 12-ounce cans and grew for specialty cans, Ball ceased production at other facilities,
Ball expects to record an after-tax charge of $19 million for the Bristol plant closure. The annual cost savings from the move was not disclosed.
Shares of Ball, which also operates an aerospace division headquartered in Boulder, closed up $1.09, or 1.61 percent, to $68.74.
Alicia Wallace: 303-954-1939, awallace@denverpost.com or twitter.com/aliciawallace
