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

Alcan Signs Agreement to sell Cebal Aerosol

Jul 25 2006

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Alcan Packaging announced today that it has signed an agreement to sell its Cebal Aerosol business to its current management team and to Natexis Investissement Partners, a part of Natexis Private Equity investment fund. Terms of the agreement were not disclosed.

“This sale is a result of Alcan Packaging’s continued focus on its core activities through a strategy of strengthening its leadership position in businesses where it can build a global and differentiated customer proposition,” said Christel Bories, President and Chief Executive Officer, Alcan Packaging.

Cebal Aerosol employs 593 people in 5 plants in France (including a majority stake in slug-maker Copal), Spain, the Czech Republic and the U.K. With sales of €86 million in 2005, Cebal Aerosol produces aluminum bottles and cans for the personal care, pharmaceutical and beverage markets.

http://www.alcan.com

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