MONTREAL, May 16 /PRNewswire-FirstCall/ - Alcan Inc. (NYSE, TSX: AL)
announced today that it has reached an agreement to purchase Interglass, a
privately owned company located in Toronto, Canada, specialised in the
converting of glass tubing. This will enhance Alcan Packaging's North American
market position in Pharmaceutical Packaging, with the expansion of glass vials
and ampoules production.
"Interglass will extend Alcan's access to new product markets in Canada
through the production and sale of high quality glass vials and ampoules,"
said Christel Bories, President and Chief Executive Officer, Alcan Packaging.
"Furthermore, Interglass is a good complement to our existing glass tubing
operations in the United States," she added.
Interglass employs 80 employees and generated 2004 sales of
CAN$11 million. It is a qualified supplier to the North American
pharmaceutical market.
Alcan expects the integration of Interglass to be completed in the second
quarter of 2005. Terms of the transaction were not disclosed.
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.
SOURCE ALCAN INC.
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CONTACT:
Media Contacts: Marie Berard, +1-514-457-4565
ext. 2280, marie.berard@alcan.com; Anik Michaud, +1-514-848-8151,
media.relations@alcan.com; Investor Contact: Corey Copeland,
+1-514-848-8368, investor.relations@alcan.com; To request a free
copy of this organization's annual report, please go to
http://www.newswire.ca and click on reports@cnw.
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