Alcoa's packaging and consumer businesses have been acquired by New Zealand's Rank Group Ltd. Businesses included in the sale are:
" Closure Systems International;
" Consumer Products, including Reynolds Wrap branded products;
" Flexible Packaging; and
" Reynolds Food Packaging.
Alcoa's packaging and consumer businesses contributed approximately 11% of Alcoa 2007 revenues and 4.6% of 2007 after-tax operating income. In all, these packaging businesses have approximately 9,300 employees in 22 countries around the world.