After a local Florida daily newspaper reported that privately-owned Florida Caribbean Distillery plans to invest $120M to build an aluminum beverage can plant in Winter Haven, Citi analyst Anthony Pettinari said he believes this would be FCD's first beverage can manufacturing facility. While details are still limited, he views the news as a potential negative for Ball Corp. (BLL), Crown Holdings (CCK) and Ardagh Group (ARD), Pettinari tells investors. He also said that beverage cans "are typically not shipped" more than 200 miles and noted that Ball has a can plant in Tampa, while the other two can makers he mentions do not have facilities in the state of Florida.