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Industry buzz

Amcor confirms interest in Alcan’s packaging business

Australia-headquartered packaging company, Amcor, one of the world’s top three global packaging companies confirmed its interest in acquiring part of Alcan’s packaging business.

As part of Amcor’s continuous process of reviewing growth opportunities, with the aim of improving shareholder value, Amcor is currently in discussions regarding the potential acquisition of part but not all of the Alcan Packaging Business,” stated the company’s secretary, Julie McPherson.

Those discussions are confidential and incomplete in nature, and there can be no assurance that any binding proposal or transaction will result from those discussions,” she added.

No further details were given. The statement follows months of press speculation regarding possible sale of the Alcan business by its current owner the Anglo-Australian Rio Tinto mining group.

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