Alcan to buy glass tubing company Interglass

Date: 17 May 2005
Source: Reuters

Date: 17 May 2005

Alcan Inc. said on Monday it has agreed to buy glass tubing company Interglass to boost its pharmaceutical packaging business.

Montreal-based Alcan, the world's second largest aluminum producer, did not disclose financial details.It said the acquisition of privately-held Interglass will expand Alcan's access to new markets in Canada through the production and sale of glass vials and ampoules.Toronto-based Interglass, which specializes in converting glass tubing, pulled in sales of C$11 million in 2004 and has 80 employees.Alcan said it expects to complete the integration of Interglass in the second quarter.Alcan Inc. said on Monday it has agreed to buy glass tubing company Interglass to boost its pharmaceutical packaging business.

Montreal-based Alcan, the world's second largest aluminum producer, did not disclose financial details.

It said the acquisition of privately-held Interglass will expand Alcan's access to new markets in Canada through the production and sale of glass vials and ampoules.

Toronto-based Interglass, which specializes in converting glass tubing, pulled in sales of C$11 million in 2004 and has 80 employees.

Alcan said it expects to complete the integration of Interglass in the second quarter.
600450 Alcan to buy glass tubing company Interglass glassonweb.com

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