Rio Tinto Agrees to Sale of Alcan Cable
June 1, 2012
Rio Tinto reached an agreement to sell Alcan Cable to General Cable Corp. for $185 million. Alcan Cable has five manufacturing operations, a distribution center and a dedicated technology development center in North America. The company, which employs around 1,050 people, also has an operation in Tianjin, China. The sale is expected to close later this year.