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Packaging and Consumer
24% $7.3 billion
Alcoa segments that sell products to this market: Flat-Rolled Products, Packaging and Consumer
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Alcoa has agreed to sell its Packaging and Consumer businesses to
New Zealand’s Rank Group Limited for $2.7 billion in cash. The transaction
is expected to be completed by the end of the first quarter 2008.
Alcoa will continue to produce aluminum that is used in more than
30 billion can bodies and 43 billion ends each year. Aluminum cans in
the U.S. declined by 1.3% in 2007 affected by a drop in the shipments
of cans used for carbonated soft drinks.
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