Alcan Packaging divests Turkish PVC films business

Alcan Packaging - a business unit of Rio Tinto Alcan - has sold Rotopas, its unprinted PVC films business located in Istanbul, to Yildiz Holding A.S., one of Turkey's largest food and consumer goods companies. Terms of the sale were not disclosed. This divestment is consistent with Alcan Packaging's strategy to concentrate on its core flexible packaging business in Turkey and throughout Europe. Rotopas, which employs 51 people, is a leading Turkish producer of PVC stretch and PVC shrink films for industrial and domestic use. Alcan Packaging Food Europe is the European leader in flexible packaging for the food and beverages market, operating 31 plants in 18 countries and employing 6,500 people. Yildiz Holding A.S. operates 43 factories in Turkey and abroad and employs over 29,000 people. Its global operations and exports include Godiva chocolates, food and beverages, confectionary and dairy businesses in addition to packaging operations, real estate, telecommunications, information technology, and logistics.
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