Tuesday, September 22, 2009

Keep an eye on Schweiter Technologies

As you have probably heard by now, Rio Tinto has sold off Alcan Composites for $349 million to Swiss textile and coating machinery manufacturer Schweiter Technologies.

It looks as if Schweiter received a pretty good deal as Alcan Composites had 2008 sales of $859 million.

As the largest supplier of balsa and other core products, it will be interesting to see what Schweiter's plans will be...

More Info:
Rio Tinto Announcement
Schweiter Announcement

Photo Credit: jfrancis via flicker

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