Posted in | News | Packaging

Alcan Sells Print Finishing Business to Celloglas

Sep 5 2005

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Alcan Inc. announced today that it has sold Alcan Print Finishers Ltd., the U.K. decorative print finishing company, to Celloglas Holdings Limited. Terms of the transaction were not disclosed.

"Our packaging business is moving strategically to focus greater resources on the markets where we already enjoy substantial scale and leadership positions and where we believe the most attractive growth opportunities lie," said Christel Bories, President and Chief Executive Officer, Alcan Packaging. "This transaction will enable Alcan Print Finishers Ltd. to benefit from a new owner’s perspective, which will enhance its future development," she added.

Alcan Print Finishers Ltd. provides decorative print finishing services to the printing industry and employs 406 people throughout the U.K. The company recorded 2004 revenues of ₤30 million.

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