Alcan Packaging, a global leader in specialty packaging, has sold its Arras food flexible packaging plant in northern France to Plastienvase Francia Sarl, a 100% subsidiary of Plastienvase S.A. based in the Cordoba region of southern Spain. Terms of the sale were not disclosed. Plastienvase operates two facilities in the Cordoba region, employing 247 people with sales of EUR37 mln in 2007. The Arras plant, which employs 182 people, will operate under the Plastienvase Francia name as of 1 February 2009.
"We are confident that the Arras business will benefit from new opportunities and realise its full growth potential with Plastienvase, a well-established participant in the European food packaging industry," said Michael Cronin, President, Alcan Packaging Food Europe. Alcan Packaging Food Europe, a business of Alcan Packaging, is the European leader in flexible packaging for the food and beverages market with registered sales of US$ 2.3 bln in 2007. It operates 31 plants in 18 countries and employs 7,300 people.
02-Mar-09 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}