Wise Metals sees no obstacles in InBev-Novelis deal, logs loss

Nov 16, 2009 | 12:57 PM | Paul Schaffer

Wise Metals Group LLC, which announced a deal in September to supply Belgium's Anheuser-Busch InBev with can sheet for the first time, doesn't see any significant setback with InBev's October decision to revive a similar deal with traditional supplier Novelis Inc.

"We didn't give up any of it," Ken Stastny, Wise Metals' chief financial officer, told investment analysts during the company's earnings conference call. "We did our transaction, they (Novelis) did theirs. Anheuser Busch InBev is a very large buyer. I don't think there's any one facility that could handle their needs."....

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