Alcan Expands Products by Acquisition of Prewired Systems, LLC
Montreal, Canada 7/9/2005
Alcan Inc. (NYSE, TSX: AL) announced today that it has acquired Prewired Systems, LLC (PWS) based in Pacoima (California), a company specializing in manufactured wiring systems for the electrical industry. As one of the industry leaders in the pre-fabricated wiring market, PWS will enhance Alcan Cable's ability to offer engineered solutions to the commercial construction market.
"This is an important step in Alcan Cable's plan to maximize the value of the business," said Michel Jacques, President and Chief Executive Officer, Alcan Engineered Products, of which Alcan Cable is a business unit. "PWS' products complement our existing armoured cable product line and Alcan Cable can now offer a complete wiring system from feeder to outlet," he added.
With this acquisition, Alcan Cable will provide its customers with an enhanced and comprehensive range of solutions from feeders to devices. These pre-assembled solutions are simpler and faster to install, resulting in reduced labour and installation costs.
"PWS is an excellent addition to our product portfolio, providing our customers with an end-to-end solution unmatched in the industry," said Ian Hewett, President of Alcan Cable. "We are very pleased about this addition, which will help us offer our customers excellent service, thereby positioning Alcan Cable as their preferred solution provider," he added.
PWS has 24 employees and one manufacturing location. Terms of the transaction were not disclosed.
Alcan is a multinational, market-driven company and a global leader in aluminum and packaging. With world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, aerospace applications, bauxite mining and alumina processing, today's Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs almost 70,000 people and has operating facilities in 55 countries and regions.
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