Novelis sells confectionery foil business

2 March 2011 – Novelis has sold its printed confectionery foil packaging business at Bridgnorth, UK, to Discovery Foils. Approximately 105 employees will transfer to Discovery Foils along with the assets of the business. Novelis will provide aluminum foil to the operation under a supply agreement.

"We are very pleased we have found a sustainable solution for the confectionery foil operation and its employees," said Pierre Labat, general manager of Novelis Europe’s Packaging and Converted Products business. "Whereas multi-colour printing is not a core activity for Novelis, it is a good strategic fit for the owners of Discovery Foils who have other interests in the printing and packaging business. I wish to thank our employees for their cooperation during this sale process."