Content area
Full Text
Alcan Rolled Products of Ravenswood has new ownership.
Jackson County's largest employer is now owned by three entities. Rio Tinto announced Jan. 4 it sold 51 percent of Alcan Engineered Products to Apollo Global Management LLC and 10 percent to Fonds Strategique d'Investissment, or FSI. Rio Tinto will maintain a 39 percent stake in the company, according to a news release.
The transaction is part of Rio Tinto's three-year divestment of its Alcan Engineered Products division. Terms of the transaction were not disclosed. GE Capital reported in...