ALCAN SIGNS AGREEMENT TO SELL CEBAL AEROSOL |
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| Date: |
24/07/2006 |
| Location:
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Paris, France |
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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.
Media contacts:
Chrystele Ivins
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Tel: +33 1 56 28 24 18
Cécile Tuil
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Tel.: +33 1 49 68 61 85
Investor contact:
Corey Copeland
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Tel: +1 514 848 83 68
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