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Alcoa Increases Pre-press Packaging Graphic Capabilities with Purchase of Colorbrite Inc.
PITTSBURGH--(BUSINESS WIRE)--June 3, 2002--Alcoa Inc. announced
today that its Southern Graphic Systems (SGS) digital imaging and
communications business has acquired privately held Colorbrite Inc., a
leading provider of pre-press and flexographic plates - the steps
between design and printing of packaging, advertising and
merchandising materials -- in the Midwest region of the U.S.
Colorbrite is headquartered in Minneapolis, Minn., and has
approximately 100 employees. Terms of the agreement were not
disclosed.
In making the announcement, H. R. Baughman, president of Southern
Graphic Systems, said, "The addition of Colorbrite to the Southern
Graphic family makes SGS one of the leading pre-press providers in the
upper Midwest and strengthens our value proposition to the consumer
products industry."
Alcoa is the world's leading producer of primary aluminum,
fabricated aluminum and alumina, and is active in all major aspects of
the industry. Alcoa serves the aerospace, automotive, packaging,
building and construction, commercial transportation and industrial
markets, bringing design, engineering, production and other
capabilities of Alcoa's businesses as a single solution to customers.
In addition to aluminum products and components, Alcoa also markets
consumer brands including Reynolds Wrap(R) aluminum foil, Alcoa(R)
wheels, and Baco(R) household wraps. Among its other businesses are
vinyl siding, closures, precision castings, and electrical
distribution systems for cars and trucks. The company has 129,000
employees in 38 countries.
Alcoa (NYSE: AA)
Forward Looking Statement
Certain statements in this release relate to future events and
expectations and as such constitute forward-looking statements
involving known and unknown risks and uncertainties that may cause
actual results, performance or achievements related to this
transaction to be different from those expressed or implied in the
forward-looking statements. Important factors that could cause actual
results to differ materially from those in the forward-looking
statements include Alcoa's inability to achieve the level of growth
anticipated by management, including possible increases in the cost of
doing business resulting from economic or competitive factors in
Japan, and other risk factors summarized in Alcoa's Form 10-K for the
year ended December 31, 2001.
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