The Swedish company CellMark has acquired Alcan International Network (AIN). AIN is a global supply chain services company that provides valuable business links between manufacturers and customers in Chemicals & Minerals as well as Raw Materials and Equipment for the foundry industry. The seller is Constellium, the global developer of value added aluminium products. Constellium is owned by affiliates of Apollo Global Management, Rio Tinto and Fonds Stratégique d’Investissement, the French sovereign investment fund.
The move reflects CellMark’s longstanding plans to diversify its global supply chain capabilities, creative trade finance solutions and risk management to products outside of the pulp and paper industry.
“We are very pleased to partner with AIN, an excellent company of experienced professionals with in-depth understanding of international markets,” said CellMark Chief Executive Officer Hans Kling. “From an operational perspective, the organizations have a great deal in common and we will leverage these commonalities to ensure that employees from both companies can exploit the opportunities the merger presents.”
