Alcan Sells Cebal Aerosol Subsidiary
Posted: July 26, 2006
Alcan Packaging signed an agreement to sell its Cebal Aerosol business to its current management team and to Natexis Investissement Partners—a subsidiary of Natexis Private Equity. This sale is the result of Alcan's continuing strategy to focus on core activities. Terms were not disclosed.
Cebal Aerosol has five production sites in Europe, and posted sales of €86 million in 2005. Cebal became a subsidiary of Alcan in 2003.