CCL Industries Invests in Rheinfelden Americas

CCL Industries Inc. announced that it will invest in a new plant to produce aluminum slugs used in the impact extrusion process to make aerosol cans, tubes and bottles for consumer packaged goods companies. The facility in Clinton, NC, will be jointly owned by CCL and Rheinfelden Semis GmbH, a leading European producer of aluminum slugs based in Germany.
 
The partners will initially invest approximately $18 million financed by $4.5 million in equity between them and the balance in debt, to create the plant and to build up capacity to a planned 25,000 tons by 2018. The new business will trade as Rheinfelden Americas LLC and Bernard Ecker from Rheinfelden, Germany, will be its first managing director.
 
“For many years the North American impact extrusion industry has relied on a single domestic supplier of aluminum slugs,” Geoffrey T. Martin, president and CEO of CCL Industries Inc., said. “This new venture will create a second source both for CCL Container and other players in the market. We are very pleased to have secured a strategic relationship with a leading player in Europe who already supplies a portion of our needs.”