BUSINESS
March 21, 1995 | HOPE HAMASHIGE
Datum Inc., a maker of telecommunications products, said Monday that it has acquired a competitor in a deal that will double its revenue. Datum paid about $26 million in cash and stock for the Irvine-based Efratom division of Ball Corp. in Muncie, Ind. The purchase price consisted of $15 million in cash and 1.3 million in Datum stock, about a third of its shares outstanding.
BUSINESS
October 22, 1994
Datum Inc., a manufacturer of frequency products and timing instrumentation, said Friday that it has signed an agreement to acquire the Efratom Division of Ball Corp. for $26.5 million in cash and stock. Efratom, based in Irvine, is a supplier of rubidium atomic frequency source, an important component used in cellular telecommunications. Efratom's sales for 1993 were $32.9 million. Last year, Datum posted sales of $24.6 million.
BUSINESS
August 20, 1992 | From Times Staff and Wire Reports
Ball Is Canning Its Trademark Jar Business: Ball Corp. said it is getting out of its trademark home-canning jar business to concentrate on other products. The Muncie, Ind.-based company announced that it will spin off the jar division and six other units to stockholders as a separate company. Ball has made its glass jars--with two-piece metal lids and its name written in script on the side--for generations.
BUSINESS
November 26, 1991
Ball Corp. has acquired an option to buy a Kerr Glass Manufacturing Corp. plant here as part of a $70-million purchase of four glass container plants. In an expansion of its glass-making business, Ball, a Muncie, Ind.-based packaging company, has agreed to purchase two of Kerr's commercial glass manufacturing plants in Plainfield, Ill., and Sand Springs, Okla., the company said. The deal is subject to approval by each company's shareholders and by federal antitrust regulators.
BUSINESS
November 26, 1991 | DEAN TAKAHASHI
Ball Corp. has acquired an option to buy a Kerr Glass Manufacturing Corp. plant in Orange County as part of a $70-million purchase of four glass container plants. In an expansion of its glass making business, Ball, a Muncie, Ind.-based packaging company, said it agreed to purchase two of Kerr's commercial glass manufacturing plants in Plainfield, Ill., and Sand Springs, Okla. The deal is subject to approval by each company's shareholders and by the federal government's antitrust regulators.