Alcan completes purchase of cathode business in France

Dec 06, 2006 | 05:25 AM | Matthew Lerner

Alcan Inc., Montreal, has consolidated its ownership of France's Carbone Savoie by completing the purchase of the 70-percent stake it did not hold from GrafTech International Ltd. for $135 million less certain price adjustments.

The move is a vertical integration of sorts, because Alcan's proprietary AP smelting technology uses advanced graphitized cathode blocks from Carbone Savoie. Alcan said Oct. 19 that it intended to acquire full control of....

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