Report: Owner explores sale of Youngstown based Exal can manufac - WFMJ.com News weather sports for Youngstown-Warren Ohio

Report: Owner explores sale of Youngstown based Exal can manufacturer

Posted: Updated:
YOUNGSTOWN, Ohio -

The owner of a Youngstown based aluminum can manufacturer is reportedly looking into the sale of the company.

Bloomberg News cites people familiar the matter in its report that the Ontario Teachers' Pension Plan has hired advisers to explore a sale of the Exal Corporation.

In 2010 an investor group led by the Ontario Teachers' Pension Plan acquired Exal Group, headquartered in Youngstown and the largest specialty manufacturer of aluminum containers in the world.

According to Bloomberg's sources who did not want to be identified, Ontario Teachers' wants $1 billion.

The report says no final decision has been made and Ontario Teachers may choose to keep the company.

The Ontario Teachers' Pension Plan says it is Canada's largest single-profession pension plan, paying defined benefit pensions and invest plan assets on behalf of about 323,000 retired and working teachers.

Bloomberg reports that a representative for Ontario Teachers' declined to comment and an Exal representative did not immediately respond to requests for comment.

Exal's U.S. Headquarters are located at One Performance Place in Youngstown.

  • More From wfmj.comHot ClicksMore>>

  • MGM sues Vegas shooting victims in push to avoid liability

    MGM sues Vegas shooting victims in push to avoid liability

    Wednesday, July 18 2018 3:07 AM EDT2018-07-18 07:07:27 GMT
    MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las...More >>
    MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas.More >>
  • Smoke clogs Yosemite Valley as firefighters battle blaze

    Smoke clogs Yosemite Valley as firefighters battle blaze

    Wednesday, July 18 2018 3:05 AM EDT2018-07-18 07:05:27 GMT
    (AP Photo/Noah Berger). The Ferguson Fire burns along a ridgeline in unincorporated Mariposa County, Calif, on Monday, July 16, 2018.(AP Photo/Noah Berger). The Ferguson Fire burns along a ridgeline in unincorporated Mariposa County, Calif, on Monday, July 16, 2018.
    Hot and dry weather is hindering efforts to slow the growth of a wildfire near Yosemite National Park that killed a California firefighter.More >>
    Hot and dry weather is hindering efforts to slow the growth of a wildfire near Yosemite National Park that killed a California firefighter.More >>
  • Hawaii lava boat tours continue after explosion, injuries

    Hawaii lava boat tours continue after explosion, injuries

    Wednesday, July 18 2018 2:11 AM EDT2018-07-18 06:11:50 GMT
    (Hawaii Department of Land and Natural Resources via AP). This photo provided by the Hawaii Department of Land and Natural Resources shows damage to the roof of a tour boat after an explosion sent lava flying through the roof off the Big Island of Hawa...(Hawaii Department of Land and Natural Resources via AP). This photo provided by the Hawaii Department of Land and Natural Resources shows damage to the roof of a tour boat after an explosion sent lava flying through the roof off the Big Island of Hawa...
    Hawaii tour boat operators plan to continue taking visitors to see lava, but will follow the Coast Guard's revised policy and stay farther away after an explosion caused molten rock to barrel through the roof of a...More >>
    Hawaii tour boat operators plan to continue taking visitors to see lava, but will follow the Coast Guard's revised policy and stay farther away after an explosion caused molten rock to barrel through the roof of a vessel, injuring 23 people.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms