Alcan sells part of North American plastic bottle business
Canadian Plastics
Canadian PlasticsAlcan Packaging has sold part of its North American packaging plastic bottle business, including three production p...
Alcan Packaging has sold part of its North American packaging plastic bottle business, including three production plants, to Ball Corp. for US$180 million.
The transaction is expected to close by the end of the first quarter of 2006, and does not include Alcan’s pharmaceutical plastic bottle operations.
The operations to be sold, which employ approximately 470 people, are located in Brampton, Ont., Batavia, Ill., and Bellevue, Ohio. Ball will also acquire equipment and other assets at Alcan’s Newark, Calif., plant and at its Neenah, Wis., research facility.
The facilities being sold produce barrier polypropylene (PP) plastic bottles and barrier polyethylene terephthalate (PET) plastic bottles.
Christel Bories, president of Alcan Packaging Food Americas, said the sale is part of Alcan Packaging’s efforts to focus the resources of its food packaging business on flexible packaging.
“These manufacturing plants complement our existing plastic container operations and offer some significant technology opportunities”, said R. David Hoover, Ball’s chairman, president and CEO.
Alcan Packaging, a division of the Alcan Group, produces flexible packaging for both the food and pharmaceutical industries.
Ball Corp. is headquartered in Broomfield, Colo., supplies both plastic and metal packaging products. The company has PET plants in Chino, Calif.; Ames, Iowa; Delran, N.J.; Baldwinsville, N.Y.; and Watertown, Wis.
