ALCAN INC
Alcan Sells Guardian Espanola S.A. to Current Management Team
Alcan Sells Guardian Espanola S.A. to Current Management Team
MONTREAL, March 16/PRNewswire/ -- Alcan Inc. (NYSE:AL , TSX:AL)
announced today that it has reached an agreement to sell Guardian
Espanola S.A. to its current local management team. Terms of the
transaction were not disclosed.
'Guardian will now be able to better focus on its market, while
benefiting from a very committed and experienced management team,'
said Christel Bories, President and Chief Executive Officer, Alcan
Packaging. 'To successfully grow our packaging business, we must
implement a selective approach in our investment strategy. Guardian's
range of products no longer matched our current packaging portfolio,'
she added.
Located in Vitoria, Spain, Guardian produces flexible packaging
and promotional items such as rub-on tattoos. The company recorded
sales of (euro) 5 million (approximately US$6.73 million) in 2004 and
employs 28 people.
Following the completion of this sale, Alcan Packaging will
continue to employ more than 800 people in 4 plants in Spain: located
in Alzira near Valencia (flexible food packaging), Zaragoza (flexible
food packaging), Badalona (aerosol cans) and Barcelona (beauty
packaging).
Alcan is a multinational, market-driven company and a global
leader in aluminum and packaging, as well as aluminum recycling. With
world-class operations in primary aluminum, fabricated aluminum as
well as flexible and specialty packaging, aerospace applications,
bauxite mining and alumina processing, today's Alcan is well
positioned to meet and exceed its customers' needs for innovative
solutions and service. Alcan employs 73,000 people and has operating
facilities in 55 countries and regions.
To request a free copy of this organization's annual report,
please go to http://www.newswire.ca and click on reports@cnw.
Source: Alcan Inc
For further information: Media Contact:Colette Chauvière,
+33-1-56-28-28-26, colette.chauviere@alcan.com; Anik Michaud,
+1-514-848-8151, media.relations@alcan.com; Investor Contact: Corey
Copeland, +1-514-848-8368, investor.relations@alcan.com
17 mrt 05 08:38