Platinum Equity to acquire Alcan Cable from Rio Tinto

Platinum Equity, Los Angeles, has signed a definitive agreement to purchase controlling interest in the Atlanta-based Alcan Cable division of Rio Tinto. Alcan Cable, a division of the Alcan Engineered Products business, is a manufacturer of aluminum cable products. Financial terms of the acquisition were not disclosed.

Platinum will assume management control of Alcan Cable and hold a 56 percent ownership stake in the company. Rio Tinto will retain a 44 percent minority interest and wi

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