Australian mining group Rio Tinto has completed its divestment from the packaging activities of Alcan. The group just confirmed the sale of Alcan Packaging Beauty to an affiliate of Sun European Partners, LLP, the European adviser to US capital equity fund Sun Capital Partners, Inc.

The transaction comprises the acquisition from Rio Tinto of the entire Alcan Packaging Beauty business, including both operating industrial sites and sales offices and the division head office in Gennevilliers, near Paris.

Paul Daccus, Principal at Sun European Partners explains that “Sun’s objective in acquiring Alcan Packaging Beauty is to continue developing the company to position it as the best in the cosmetic packaging industry.

Alcan’s beauty division employs around 8,200 people and operates 26 plants in 12 countries.