Printer Friendly Version
In addition to www.alcoa.com, Alcoa is an active participant in and uses social media to communicate information about the company. Facebook, Twitter, YouTube and LinkedIn are powerful tools that allow us to connect with our customers, investors, potential employees and fans.
Alcoa on Facebook
Alcoa on LinkedIn
Alcoa on Twitter
AlcoaTV on Youtube
August 4, 2000
Alcoa Acquires U.K.-Based Baco Consumer Products, LTD.
PITTSBURGH and LONDON--August 4, 2000--
Alcoa Inc. announced today that it has acquired privately held Baco
Consumer Products, Ltd., headquartered near London. Terms of the deal
were not disclosed. Baco will become part of Alcoa's Consumer Products
business unit located in Richmond, Virginia.
Baco is the U.K.'s leading supplier of household wraps, including
aluminum foil, plastic bags, clingfilm and bin liners. Luxfer Holdings
plc, a U.K. business, is the principal investor in Baco, along with a
number of minority investors.
"Alcoa's acquisition of Baco Consumer Products is a critical step in
expanding the global presence of our Consumer Products business," said
Ruth Mack, vice president and general manager of Consumer Products.
"Similar to the Reynolds-brand products and private label offerings in
the United States, Baco is the U.K. market leader in the wraps and bags
business. We plan to build upon the excellent Baco presence in the U.K.
and across Europe."
Ms. Mack added, "This acquisition combines two companies with
complementary expertise, markets and geographies. Consumers and retail
customers on both sides of the Atlantic will benefit as we share our
consumer products marketing, manufacturing and research and development
capabilities. Alcoa plans to retain Baco's management as we work to grow
this business. For all of these reasons, we expect this acquisition to
be accretive to Alcoa within the first year."
Alcoa is the world's leading producer of aluminum and alumina, and a
major participant in all segments of the industry: mining, refining,
smelting, fabricating and recycling. Alcoa serves customers worldwide in
the consumer products, packaging, automotive, aerospace, construction
and other markets with a variety of fabricated and finished products.
The company has over 300 operating locations in 36 countries.
Baco Consumer Products, Ltd. is the leading supplier of household wraps
in the U.K. Baco Foodservice offers a full line of aluminum foil, trays,
food and freezer bags, and plastic wrap.
Alcoa (NYSE: AA)
Some of the statements made in this press release are forward looking.
Actions resulting from the acquisition by Alcoa of Baco Consumer
Products, Ltd. may differ from those implied. Factors such as changes in
economic conditions in the markets we serve may cause future actions to
differ from those predicted today.
Editorial Contact: Chuck Hansen
1 804 281 3987
Investor Relations: Charles D. McLane
1 412 553 2231