Ball Corporation announced the closing of a 49:51 joint venture with Ayna.AI on March 21, 2025, for its Aluminum Cup business. The newly formed entity, named Oasis Venture Holdings, LLC, will include the Aluminum Cup business's commercial, supply chain, and manufacturing teams, along with its plant in Rome, Georgia.
Ball will be the minority investor in Oasis Venture Holdings, with Ayna.AI taking a controlling 51% stake. This strategic partnership aims to accelerate the development and growth of the Aluminum Cup category, leveraging Ayna.AI's expertise in industrial technology.
The company anticipates a $25 million year-over-year improvement following this asset sale, as it deconsolidates the underperforming business. This move aligns with Ball's strategy to optimize its portfolio and focus on core operations, while still participating in the potential upside of the aluminum cup market.
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