GOTHENBURG, Sweden, January 10, 2012 /PRNewswire/ --
CellMark, the world's leading marketer of pulp and paper, announced today that its acquisition of Alcan International Network (AIN) closed on December 30. AIN is a global supply chain services company that provides valuable business links between manufacturers and customers in Chemicals & Minerals as well as Raw Materials and Equipment for the foundry industry. The seller is Constellium, the global developer of value added aluminium products. Constellium is owned by affiliates of Apollo Global Management, Rio Tinto and Fonds Stratégique d'Investissement, the French sovereign investment fund.
The move reflects CellMark's longstanding plans to diversify its global supply chain capabilities, creative trade finance solutions and risk management to products outside of the pulp and paper industry.
"We are very pleased to partner with AIN, an excellent company of experienced professionals with in-depth understanding of international markets," said CellMark Chief Executive Officer Hans Kling. "From an operational perspective, the organizations have a great deal in common and we will leverage these commonalities to ensure that employees from both companies can exploit the opportunities the merger presents."
CellMark is actively looking for people and companies that can make use of the platform established by CellMark. "CellMark is in a unique position to expand its business activities and pursue new opportunities," said Sir Adrian Montague, CellMark Chairman.
The partnership will also benefit AIN and its business partners significantly. "We look forward to leveraging CellMark's financial strength and willingness to invest in strategic opportunities," said Hugo Galletta, head of AIN's Chemical Division. "Our people expect to team very closely with their new CellMark colleagues to develop creative solutions that help to improve the service we give to all our partners, AIN's, CellMark's, and those we cultivate together."
Notes to Editors
CellMark, headquartered in Gothenburg, Sweden, is one of the world's foremost providers of supply chain services to the pulp and paper industry. Our specialists in sales, marketing, logistics and financial services feature market-leading know-how, and they embrace their challenging role as innovators and developers of truly creative solutions.
CellMark comprises four product divisions: Pulp, Paper, Packaging and Recycling as well as the subdivisions Energy and Machinery. Our global network comprises of 47 offices in 20 countries, complemented by numerous agents in other markets. Today, CellMark's annual sales volume is over 5 million tons. Our sourcing activities extend to more than 60 countries, with sales in about 120 markets. Further, the Group has approximately 520 employees. For fiscal year 2010, CellMark recorded sales of USD 2.585 billion.
For more information, see http://www.cellmark.com
AIN operates two product teams, Chemicals and Minerals and Raw Material and Equipment.
Raw Material and Equipment is the leading network in sourcing and selling raw materials and equipment for Aluminium and Ferrous industries worldwide. The broad range of products enables AIN to act as a One Stop Shop for our long term partners. Well positioned in the sourcing AIN offer Metals, additives and aluminium products from qualified and international suppliers, for instance Al rod, Al scrap, Al ingots, extrusion billets and many others
World well-known manufacturers entrust the representation of their industrial equipment.
The Chemicals & Minerals product team is considered a full-service supplier of specialty chemical and industrial minerals used in a wide variety of applications including but not limited to Pharmaceutical, Personal Care, Cosmetic, Nutritional and Industrial markets such as Coatings, Glass and Catalysts.
AIN operates through 9 offices in Europe, 1 in USA and 9 offices in Asia, has 170 employees and about USD 500M in turnover.
For more information on AIN, see http://www.alcan-network.com
Constellium is a global sector leader that develops innovative, value added aluminium products for a broad range of markets and applications, including aerospace, mass transportation, automotive, packaging, energy and building and construction. With over 9,000 employees, Constellium is now structured in 3 divisions: Global ATI, Specialty Sheet and Extrusions & Automotive Structures. Constellium, with headquarters in Paris, is owned by affiliates of Apollo Global Management (51%), Rio Tinto (39%) and Fonds Stratégique d'Investissement (10%). Constellium generated approximately US$4.4 billion of revenue in 2010.
SOURCE CellMark AB