18 August 2009 14:25 [Source: ICIS news]
Amcor was bidding for Alcan Packaging Global Pharmaceuticals, Alcan Packaging Food Europe, Alcan Packaging Food Asia and Alcan Packaging Global Tobacco, it said.
The parts of Alcan Packaging that Amcor offered to acquire generate some $4.1bn/year in sales and employ 14,000 people at 80 plants in 28 countries, it said.
The acquisition would create one of the world’s leading packaging companies and support Amcor’s objective to grow in its strategic business areas of flexible packaging and folding cartons packaging, it said.
Last month, US packaging firm Bemis acquired Alcan’s Food Americas business for $1.2bn.
Mining and metals firm Rio Tinto, which acquired its Canadian rival Alcan in 2007 for $38bn, had said at the time it planned to sell the Alcan packaging business.
($1 = €0.71)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections