Montreal, Canada — Alcan Inc. (NYSE, TSX: AL) announced today that it has reached an agreement to purchase Interglass, a privately owned company located in Toronto, Canada, specialised in the converting of glass tubing. This will enhance Alcan Packaging’s North American market position in Pharmaceutical Packaging, with the expansion of glass vials and ampoules production.
"Interglass will extend Alcan's access to new product markets in Canada through the production and sale of high quality glass vials and ampoules," said Christel Bories, President and Chief Executive Officer, Alcan Packaging. "Furthermore, Interglass is a good complement to our existing glass tubing operations in the United States," she added.
Interglass employs 80 employees and generated 2004 sales of CAN$11 million. It is a qualified supplier to the North American pharmaceutical market.
Alcan expects the integration of Interglass to be completed in the second quarter of 2005. Terms of the transaction were not disclosed.
Alcan is a multinational, market-driven company and a global leader in aluminum and packaging, as well as aluminum recycling. 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 70,000 people and has operating facilities in 55 countries and regions.
- 30 -
Media Contacts:
Marie Bérard
Tel.: +1-514-457-4565 ext. 2280
marie.berard@alcan.com
Anik Michaud
Tel.: +1-514-848-8151
media.relations@alcan.com
Investor Contact:
Corey Copeland
Tel.: +1-514-848-8368
investor.relations@alcan.com
Français
© 2009 Alcan Inc. Legal Disclaimer | Privacy Statement 