Market News
29Jul2005 |
Alcan May Sell Plastic Bottle BusinessAlcan Inc., the world's second-largest aluminum producer, is considering divesting itself of its food packaging plastic bottle business to concentrate on more lucrative food packaging products. The plastic bottle unit employs about 495 across five plants: three in the United States, one in Canada and one in France. It had sales last year of $130 million. Montreal-based Alcan has hired a unit of JP Morgan Chase & Co. to assist in the possible sale. Source: Canadian Grocer E-Newsletter, July 29, 2005. 
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