Friday, August 06, 2010
Ravenswood Alcan Plant Changing Ownership
WEST VIRGINIA....
The Alcan Rolled Products plant in Ravenswood is changing owners. Parent company Rio Tinto has announced it has received a binding offer from funds affiliated with a U.S. private equity firm and a sovereign wealth fund run by the French government to buy a 61 percent stake in Alcan Engineered Products, excluding the cable division. The plant, which opened as Kaiser Aluminum in 1957, has changed ownership several times.