6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
"Alcan Cable is an excellent fit for Platinum's operations-focused, long-term approach to creating value," says Brian Wall, partner at Platinum that is leading the transaction. "This transaction offers a unique divestiture solution to Rio Tinto."
Platinum will assume management control of Alcan Cable and hold a 56 percent ownership stake in the company. Rio Tinto will retain a 44 percent minority interest and will remain a key supplier of aluminum rod and molten aluminum to the business.
Alcan Cable, Atlanta, GA, serves the utility transmission and distribution, and residential and non-residential construction markets throughout North America. The business has seven production sites in the U.S., Canada and most recently China.