Platinum Equity, Los Angeles, has signed a definitive agreement to purchase controlling interest in the Atlanta-based Alcan Cable division of Rio Tinto. Alcan Cable, a division of the Alcan Engineered Products business, is a manufacturer of aluminum cable products. Financial terms of the acquisition were not disclosed. Platinum will assume management control of Alcan Cable and hold a 56 percent ownership stake in the company. Rio Tinto will retain a 44 percent minority interest and will ...
Subscribe for access to premium content on electricalmarketing.com
Electrical Marketing is the electrical industry’s best source for breaking news and the inside scoop on new market opportunities, industry execs on the move, market analysis and other news you need to run your business. In minutes, you can subscribe to our premium content online.
"Platinum Equity to acquire Alcan Cable from Rio Tinto" is part of our Premium Access Content subscription. You need to subscribe to gain access to Premium Access Content.