An Indian company is in talks with Alcan in the hope it can purchase its packaging company, a report in India's Economic Times says.
The Mumbai-based personal care packaging company Essel Propack will be propelled as a global leader if the deal goes ahead with Montreal-based Alcan Packaging Beauty.
Neither company has responded to media questions on the deal.
Alcan is preparing for a proposed takeover by mining giant Rio Tinto for almost $38bn – part of which includes selling off its packaging unit under aspects of the acquisition deal.
Source: packaging-technology
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