PITTSBURGH, PA, (USA) --(JWXnewswire)--July 12, 2004-- Alcoa Aluminio S.A. has announced the sales of its Brazilian Flexible Packaging business unit known as Itaipava to Dixie Toga.

Approximately 200 people will be incorporated by Itap Bemis Brazil, a packaging company controlled by Dixie Toga.

Divesting this flexible packaging business unit is part of the January 2003 divestiture program to focus the company's business portfolio worldwide.

Alcoa continues to operate its global Flexible Packaging business serving customers in the in pharmaceutical, medical, food and beverage, confectionery, retail, tobacco and electronic industries via its nine facilities. (www.alcoaflexpack.com)

Terms for the sale of this business unit were not disclosed.

About Alcoa
Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. The company has 120,000 employees in 41 countries. Alcoa had 2003 revenues in the packaging market of $5.4 billion.

About Dixie Toga
Dixie Toga is one of Latin America's leading packaging companies and has 10 plants spread over Brazil and Argentina and employs around 3,400 employees. The company was established on June 30, 1995 as a result of the combination of two major packaging companies: Dixie Lalekla, founded in 1945 and regarded as one of Brazil's best producers of margarine and yogurt packagings and disposable products; and Toga, one of Latin America's leading manufacturers of flexible and semi-hard packagings, established in 1935. DT is organized into Business Units, which are divided into the following divisions: Itap Bemis, Cartridges, Labels and Laminates, Laminor, Hard Packagings, and Dixie.

Click here to view more current news articles