| Alcan Inc. (NYSE, TSX: AL) announced today that Alcan Packaging Mexico, S.A. de C.V. has acquired the packaging assets and business of Recubrimientos y Laminaciones de Papel, S.A. de C.V. (Relapasa), of Monterrey, Mexico. The asset purchase includes a plant in Monterrey (Nuevo León). Terms of the transaction were not disclosed.
"Alcan Packaging is strategically committed to realigning its portfolio globally toward growing and attractive market segments. The Monterrey site will provide an expanded manufacturing platform to accelerate Alcan’s food and specialty flexible packaging growth in the Mexican domestic market," said Christel Bories, President and Chief Executive Officer, Alcan Packaging.
"This acquisition in northern Mexico is an excellent strategic fit, allowing us to better serve both Mexican and U.S. customers," said Ilene Gordon, President, Alcan Packaging Food Americas. "In addition to growing our business in the region, this also brings an experienced manufacturing workforce and strong customer relationships."
Relapasa employs approximately 250 people and will have 2005 sales of almost US$22 million. With this acquisition, Alcan Packaging Mexico will have approximately 1,250 employees at three flexible packaging sites, including plants in Tlaquepaque (Jalisco) and Zacapu (Michoacan). Offering cast multi-layer film, prepress, printing and laminating, Alcan Packaging Mexico is a leader in the Mexican food segment, serving primarily the bakery, salty snacks, confectionery, cookies, beverages and personal care markets.
Alcan Inc. is a multinational, market-driven company and a global leader in aluminum and packaging. 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 approximately 70,000 people and has operating facilities in 55 countries and regions.
Media Contact (Mexico):
Juan Espinosa
Tel.: +52-55-5322-9401
Stephen Ford
Tel.: +52-33-3668-1370
Media Contact (North America):
Polly Moles
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Anik Michaud
Tel.: +1-514-848-8151
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Investor Contact:
Corey Copeland
Tel.: +1-514-848-8368
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