Alcoa sells packaging/consumer unit
Alcoa has agreed to sell its packaging and consumer businesses to New Zealand's Rank Group Limited for $2.7 billion.
Alcoa's packaging / consumer unit generated about $3.2 billion in revenue and $95 million in after-tax operating income in 2006, or about 3% of operating income.
Alcoa said it's also seeking to sell its Reynolds Wrap, consumer products, flexible packaging, and plastic / aluminum packaging closure units in order to more fully concentrate on its mining / aluminum production business.
Related news
More related news >
Related news
SPAR offers more and more health-conscious food products
Based on the constantly changing customer needs, the company will…
Read more >Gender equality in homes starts with this, according to IKEA research
According to the vast majority of Hungarian couples, gender equality…
Read more >Packaging is more important than ever before
DS Smith, one of the world leaders in sustainable packaging…
Read more >