Sale of Alcan Cable's N. American assets done

Sep 05, 2012 | 02:20 PM | Suzy Waite

Tags  Rio Tinto, Alcan Cable, General Cable, Gregory Lampert, aluminum, Suzy Waite

NEW YORK — General Cable Corp. has completed its $151-million cash acquisition of Alcan Cable’s North American operations from Rio Tinto Plc.

Highland Heights, Ky.-based General Cable’s purchase includes four manufacturing plants and a distribution center, a General Cable spokesman told AMM. Alcan’s North American business accounts for between 85 and 90 percent of Alcan’s overall revenue. ....

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