Following the press release of late November, Alcan have signed a definitive agreement with Norsk Hydro to purchase VAW Packaging (FlexPac). They expect to gain approvals for the acquisition during the first half of 2003.
VAW Packaging consists of 14 high quality packaging plants located in 8 different countries, employing some 5400 people. This will add to Alcan’s existing operations which have operations in 38 countries, and employ 48,000 people.
For more information on packaging, click here.