APRIL 2011
                                        

Novelis sells UK foil business

Novelis announced that it has sold its printed confectionery foil packaging business at Bridgnorth, UK to Discovery Foils effective immediately. Approximately 105 employees will transfer to Discovery Foils along with the assets of the business. Novelis will provide aluminum foil to the operation under a supply agreement.

Pierre Labat, general manager of Novelis Europe’s packaging and converted products business, said, “Whereas multi-color printing is not a core activity for Novelis, it is a good strategic fit for the owners of Discovery Foils who have other interests in the printing and packaging business.”

Novelis is closing its Bridgnorth foil rolling and laminating operations and will consolidate most of the business into its other European operations. The move will improve the competitiveness of the company’s European foil and packaging production systems in response to overcapacity and increased competition from manufacturers in low-cost countries. The decision will impact approximately 200 employees.