Alcan Packaging sells PVC films business to Yildiz Holding

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.

"The Rotopas business will become an integral part of Yildiz Holding A.S. and benefit from its production and distribution volume," said Michael Cronin, President, Alcan Packaging Food Europe. "This divestment is also in line with Alcan Packaging's strategic objective to focus on developing 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.

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.

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.

Alcan Packaging is a global leader in value added specialty packaging. It delivers innovative, multi material solutions to customers around the world for the food, pharmaceutical, beauty and tobacco markets. Headquartered in Paris, France, Alcan Packaging has 131 facilities and 30,000 employees in 31 countries.