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Alcan Acquisition of VAW Packaging Approved

Feb 25 2003

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Alcan have just been given approval by the European Commission to acquire VAW Packaging (FlexPac) from Norsk Hydro as reported previously.

The promptness of the response from the European Commission will allow Alcan to accelerate its plans for the acquisition. They hope to close the deal during the second quarter of this year.

VAW Packaging consists of 14 high quality packaging plants located in 8 different countries, employing some 5400 people. This will add to Alcan’s existing operations which have operations in 38 countries, and employ 48,000 people.

For more information on packaging, click here.

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