San Jose, CA — March 21, 2025 — Ayna is pleased to announce the formation of a new joint venture with Ball Corporation, Oasis Venture Holdings, LLC. This venture consists of the Aluminum Cup business, including its commercial, supply chain, and manufacturing teams, as well as the plant in Rome, Georgia, which will serve as the venture’s new headquarters. Ayna, the majority investor, and Ball will work together to expand the cup’s customer base while continuing to uphold the highest operational standards and a steadfast commitment to exceptional customer service.
Ayna’s deep market insights, operational expertise, and understanding of consumer trends will play a crucial role in driving the success and growth of this venture. The collaboration is strategically positioned to fulfill the demand for consumer solutions that are both premium in quality and environmentally sustainable. The cups are designed to deliver a premium, refreshing experience—keeping beverages cold longer while offering a durable and reusable solution.
"I want to express my sincere gratitude to the Ball team for entrusting us as their partner in shaping the future path of the Aluminum Cup,” said Nick Santhanam, Chairman of Ayna. “We firmly believe in the long-term potential of the Aluminum Cup to redefine the market’s approach to single-use products and recycling, all while delivering a premium experience for consumers. We see significant opportunities to strengthen connections with existing customers and suppliers, expand awareness and adoption of the Cup, and enhance its value proposition across all key verticals."
"We are thrilled to join forces with the Ball team on this exciting journey," added Ayna CEO Gaurav Batra. "The Ball team's exceptional work, combined with our unique engaged operator model, will drive even greater success for the Aluminum Cup, unlocking new opportunities for growth and innovation."
As part of Oasis Venture Holdings, the Aluminum Cup business will be better positioned to grow, expand its reach in the market, and innovate. Ayna will provide valuable operational guidance, category experience, and resources to grow the business through our unique Engaged Investor Operator Model approach.
The transaction is set to close on March 21st, 2025.
About Ayna.AI:. Ayna is a premier advisory and implementation firm in the industrial technology space. We work in an engaged operator model to optimize performance and drive growth. Ayna actively engages in advisory and execution with our clients, aligning incentives with outcomes. With our understanding of the industrials space and breadth of experience, we're able to tailor our offerings for each client and deliver a customized experience that creates value.
About Ball Corporation: About Ball Corporation Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Ball Corporation employs 16,000 people worldwide and reported 2024 net sales of $11.80 billion, which excludes the divested aerospace business.
