M&A Deal Summary

Schweiter Technologies Acquires Alcan Composites

On September 22, 2009, Schweiter Technologies acquired metals/mining company Alcan Composites from Rio Tinto for 349M USD

Acquisition Highlights
  • This is Schweiter Technologies’ 1st transaction in the Metals/Mining sector.
  • This is Schweiter Technologies’ largest (disclosed) transaction.
  • This is Schweiter Technologies’ 1st transaction in Switzerland.

M&A Deal Summary
Date 2009-09-22
Target Alcan Composites
Sector Metals/Mining
Buyer(s) Schweiter Technologies
Sellers(s) Rio Tinto
Deal Type Divestiture
Deal Value 349M USD

Target

Alcan Composites

Cham, Switzerland
Alcan Composites is a sandwich composite materials manufacturing business focused on the display, architecture, and wind energy sectors. Headquartered in Sins, Switzerland, it operates 16 plants in Europe (Germany and Switzerland), the USA, South America, China and India.

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Buyer(S) 1

Buyer

Schweiter Technologies

Steinhausen, Switzerland
Category Company
Founded 1912
Sector Machinery
Employees4,573
Revenue 1.1B CHF (2023)
DESCRIPTION

Schweiter Technologies is a provider of textile machinery as well as composites and coating solutions. Schweiter Technologies was founded in 1912 and is based in Steinhausen, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-09 Ismeca Semiconductor Holding SA

La Chaux-de-Fonds, Switzerland

Ismeca, designs, manufactures and sells turret-based test handling and back-end finishing equipment for ICs, LEDs and discrete components.

Sell $55M

Seller(S) 1

SELLER

Rio Tinto

London, United Kingdom
Category Company
Founded 1873
Sector Metals/Mining
Employees57,000
Revenue 54.0B USD (2023)
DESCRIPTION

Rio Tinto is a mining and metals company. The company engages in finding, mining and processing the Earth's mineral resources. Company take a long-term, disciplined approach, developing and running long-life, low-cost, expandable operations that are capable of delivering value throughout the cycle. Rio Tinto was founded in 1873 and is based in London, England.

DEAL STATS #
Overall 3 of 14
Sector (Metals/Mining) 3 of 11
Type (Divestiture) 3 of 12
Country (Switzerland) 1 of 1
Year (2009) 2 of 3
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-30 Rio Tinto - Corumbá Iron Ore Mine & River Logistics Operations

Brazil

Corumbá iron ore mine comprises iron ore reserves and is located in Mato Grosso do Sul, Brazil. Rver logistics operations provides logistic services in Paraguay.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Rio Tinto - Jacobs Ranch

United States

Rio Tinto - Jacobs Ranch produced 42.1 million tons of high-quality sub-bituminous coal for sale to power generators located throughout the United States.

Sell $764M
Mergr

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