ALCAN INC
Alcan Sells Distributor Almet France to Amari Metal France
Alcan Sells Distributor Almet France to Amari Metal France
MONTREAL, April 20/PRNewswire/ -- Alcan Inc. (NYSE: AL , TSX: AL)
announced today that it has completed the sale of Almet France to
U.S.-based Amari Metal France Ltd., which specializes in distributing
aluminum, stainless steel and cuprous metal products. Details of the
transaction were not disclosed.
'The acquisition by a major international multi-metal distributor
is a good opportunity to ensure a bright future for Almet France, with
an approach and resources adapted to its market,' said Michel Jacques,
President and Chief Executive Officer, Alcan Engineered Products.
'Alcan's strategy involves channelling its investments toward more
specialized activities, which means withdrawing from non-specialized
distribution,' he added.
Alcan retains and will develop the French company Alcan CMIC
(based in Ozoir la Ferrière, Nantes and Chassieu/Lyon), which operates
service centres specializing in aerospace products, shipbuilding
alloys and mechanical applications. Alcan CMIC is a part of Alcan's
Engineered Products service center business unit, which continues to
meet its customers' needs and maximize value by expanding its
finishing-service business through its international network.
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.
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please go to http://www.newswire.ca and click on reports@cnw.
Source: Alcan Inc
For further information: Media Contact: Chrystèle Ivins,
+33-(0)1-56-28-24-18, chrystele.ivins@alcan.com; Anik Michaud,
+1-514-848-8151, media.relations@alcan.com; Investor Contact: Corey
Copeland, +1-514-848-8368, investor.relations@alcan.com
21 apr 05 09:10