NetComposites
Attwater

Alcan Completes $35 Million Acquisition of Baltek

03 July 2003

Alcan has completed the acquisition of Baltek, which makes specialized lightweight materials for the aerospace and transportation industries.

The Montreal-based aluminum company said on Tuesday the $35 million US deal closed following approval of Baltek shareholders. The acquired U.S.-based company will be named Alcan Baltek Corp. and will become part of Alcan's composite materials division.

""The composites business is a key part of our engineered products group with attractive opportunities in growing markets,"" Alcan president and CEO Travis Engen said in a release. ""The successful completion of this transaction enables Alcan to offer a wide range of composite technologies to our customers and to be a one-stop source for composite solutions.""

Baltek is a leading supplier of balsa-based structural core materials and should fit with Alcan's existing composites business, which makes structural foam and other products. With the latest acquisition, Alcan's composites business now includes nine companies with revenues of $410 million US and 2,100 employees in Europe, North and South America and southeast Asia.





Share this story


Related / You might like...

CGTech to Debut VERICUT Composites Applications V8.1.2 Software at JEC

At the 2019 JEC Composites show, 12-14  March 2019 at the Paris Nord Villepinte Exhibition Centre, CGTech will demonstrate how advanced programming strategies and simulation can lead to better composite parts.

USQ Partners With Defence Scientists to Develop Next-generation Aircraft Repairs

Researchers from Defence Science and Technology (DST) and USQ are working on a three-year collaborative project to develop next-generation repairs for composite aircraft structures.

Boeing Delivers First 787 Dreamliner for WestJet

Boeing has delivered the first of ten 787 Dreamliners to WestJet, marking the start of the airline's global expansion. Having long operated a fleet of Boeing single-aisle jets, WestJet will use the super-efficient, long-range 787-9 Dreamliner to profitably serve new international routes.