Alcoa Packaging and Consumer Group Aligns Businesses

Alcoa has announced a strategic alignment for its Alcoa Packaging and Consumer group that focuses its businesses on accelerating growth through new product innovation, operational excellence, enhanced customer connections and leveraged shared services.

The formation of the group is a key component in the realignment to energize growth initiatives. Complementing this is a strategic move to separate businesses units from manufacturing, enabling the businesses to focus on customers, new products and market development, while the manufacturing organization drives for operational excellence.

A re-aligned, channel-driven business unit structure includes:

A newly created Alcoa Packaging business, which will focus on packaging solutions in growing market segments such as medical, pharmaceutical, healthcare, food, electronics and film products headed by Bimal Kalvani.

A refocused Reynolds Food Packaging business, combining Alcoa's thermoforming sheet and food packaging businesses. This will be headed by Rebecca Liebert.

Alcoa Consumer Products, which will focus on private label and branded offerings.

Alcoa Closure Systems International, which will continue to operate in its current beverage markets while pursuing adjacent markets with an integrated commercial and manufacturing structure.