Posted in | News | Non-Ferrous Alloys and Metals | Aluminum / Aluminium | Automotive Materials

Alcan Sells Automotive Die-Casting Business in Germany

Apr 5 2006

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Alcan has announced today that it has sold its German automotive casting activity to AluCast GmbH, a company controlled by Parter Capital, a private equity company based in Frankfurt, Germany. Alcan BDW GmbH & Co.KG manufactures aluminum die-casting structural and non-structural parts for the automotive industry and is based in Markt-Schwaben, Germany.

"It has been more than a year since we began reviewing all options for BDW as its activity is no longer consistent with our current engineered products portfolio, and I am glad that we have secured a future for this activity," said Michel Jacques, President and Chief Executive Officer, Alcan Engineered Products. “Parter Capital has an in-depth understanding of the automotive supply industry and is well positioned to offer Alcan BDW new opportunities."

http://ww.alcan.com

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