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Monday, June 18, 2007

Pechiney Aluminium to buy Luxfer's UK extrusions unit

NEW YORK -- Pechiney Aluminium has agreed to purchase British Aluminium's specialty extrusions operations from Luxfer Groups Luxfer Holdings Plc unit. Terms were not disclosed.

The Paris-based Pechiney interests said that the extrusions unit is a $40-million-a-year business producing hard alloy extrusions for the transportation industries and general engineering applications.

Situated in Workington in northern England, the unit has a workforce of 280 producing about 10,000 tonnes of extrusions a year on three presses.