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Schweiter Technologies to acquire Alcan Composites

Sep 24, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Rio Tinto plc (RTP)

Schweiter Technologies AG has entered into an agreement to acquire Alcan Composites, a manufacturer of aluminium composites material, from Rio Tinto plc for $349 million. Both Schweiter and Alcan Composites are based in Switzerland.

Schweiter Technologies develops, manufactures, and distributes machinery, while Rio Tinto is a UK-based mineral mining company. The transaction is expected to complete by the end of 2009.

N M Rothschild & Sons Limited is acting as financial advisor to Rio Tinto. 

Deal Value (US$ Million) 349
Deal Type                Acquisition
Sub-Category             Majority Acquisition
Deal Status              Announced: 2009-09-22

Deal Participants 

Target (Company)   Alcan Composites
Acquirer (Company) Schweiter Technologies AG
Vendor (Company)   Rio Tinto plc

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Rio Tinto plc (RTP)


Related terms: acquisition, machinery, manufacturer, mining, switzerland, technology

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