Montreal, Canada — Alcan Inc. (NYSE, TSX: AL) announced today the sale of its European Beauty blow-molded bottle business (Decoplast) to IPH Groupe Spid, a French leader in plastic conversion. IPH Groupe Spid is specialized in the injection of technical and design parts for the automotive, food and general packaging markets. Terms of the transaction were not disclosed.
"This transaction will enable Decoplast to benefit from new market opportunities with IPH Group Spid," said Christel Bories, President and Chief Executive Officer, Alcan Packaging. "Alcan’s strategy is to focus its Packaging Beauty businesses on those areas in which it has a differentiated product offering," she added.
This deal was accepted unanimously by the workers’ council. The sale includes the two sites of Decoplast in La Roche sur Foron and Senlis (France). Decoplast recorded sales of €26 million in 2004 and employs 312 people.
Alcan is a multinational, key market-driven company and a global leader in aluminum and packaging, as well as aluminum recycling. With world-class operations in primary and fabricated aluminum and flexible and specialty packaging, as well as aerospace applications, bauxite mining and alumina processing, today’s Alcan is well positioned to meet and exceed its customers’ needs through innovative solutions and services. Alcan employs approximately 70,000 people and has operating facilities in 55 countries and regions.
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Corey Copeland
Tel. : +1-514-848-8368
investor.relations@alcan.com
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