Sonenshine Partners Advises Alcoa on the Sale of its Sabiñanigo, Spain Foil Manufacturing Operations to BAVARIA Industriekapital AG
Company Press Release
December 3, 2009

New York, NY - Sonenshine Partners LLC today announced that it acted as exclusive financial advisor to Alcoa Inc. (NYSE: AA), the world’s leading producer of primary aluminum, fabricated aluminum and alumina, on the sale of its Sabiñanigo, Spain foil manufacturing operations to BAVARIA Industriekapital AG, a leading industrial holding company based in Munich, Germany. Terms of the transaction were not disclosed. 
The Sabiñanigo operations produce aluminum foil for flexible packaging applications.  It has been in operation since 1927 and has developed market-recognized expertise while offering leading customer service in its core flexible packaging markets in Western Europe.

About Alcoa

Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation 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. In addition to aluminum products and components, including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets wheels, fastening systems, precision and investment castings, and building systems. The Company has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland, and has been a member of the Dow Jones Sustainability Index for seven consecutive years. Alcoa employs approximately 63,000 people in 31 countries across the world and is based in New York, NY. More information can be found at www.alcoa.com. 

About BAVARIA Industriekapital AG

BAVARIA Industriekapital AG is an industrial holding company which acquires low-profit companies throughout Europe. Through active restructuring and revitalization management it ensures the long-term success of the companies acquired. The majority of the stock of BAVARIA Industriekapital AG is family-owned and the company has been listed on the Entry Standard All Share Index of the German Stock Exchange since 2006. At present BAVARIA Industriekapital AG has holdings in twelve companies and around 3,000 employees. In 2008 the group turnover amounted to Euro 485 million and the group profit to Euro 23 million.