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>>

  • Hawaii volcano eruption costs tourism industry millions

    Hawaii volcano eruption costs tourism industry millions

    Wednesday, May 16 2018 1:53 PM EDT2018-05-16 17:53:52 GMT
    (AP Photo/Caleb Jones). Gases rise from lava fissure 17 after it erupted early Sunday, May 13 2018 near Pahoa, Hawaii. The new fissure emitting steam and lava spatter spurred Hawaii officials to call for more evacuations on Sunday as residents braced f...(AP Photo/Caleb Jones). Gases rise from lava fissure 17 after it erupted early Sunday, May 13 2018 near Pahoa, Hawaii. The new fissure emitting steam and lava spatter spurred Hawaii officials to call for more evacuations on Sunday as residents braced f...
    A new fissure in Hawaii's Puna District sent gases and lava exploding into the air on Sunday, spurring officials to call for more evacuations as residents waited for a possible major eruption at Kilauea volcano's...More >>
    A new fissure in Hawaii's Puna District sent gases and lava exploding into the air on Sunday, spurring officials to call for more evacuations as residents waited for a possible major eruption at Kilauea volcano's summit.More >>
  • AT&T chief lobbyist out after hiring of Trump attorney Cohen

    AT&T chief lobbyist out after hiring of Trump attorney Cohen

    Tuesday, May 15 2018 10:33 AM EDT2018-05-15 14:33:19 GMT
    (AP Photo/Jose Luis Magana). FILE - In this March 22, 2018 file photo, AT&T CEO Randall Stephenson leaves the federal courthouse in Washington.  Stephenson says the company made a “big mistake” in hiring President Donald Trump’s attorney Michael Co...(AP Photo/Jose Luis Magana). FILE - In this March 22, 2018 file photo, AT&T CEO Randall Stephenson leaves the federal courthouse in Washington. Stephenson says the company made a “big mistake” in hiring President Donald Trump’s attorney Michael Co...
    The chief lobbyist for AT&T is leaving the company after hiring of President Donald Trump's attorney Michael Cohen as a political consultant.More >>
    The chief lobbyist for AT&T is leaving the company after hiring of President Donald Trump's attorney Michael Cohen as a political consultant.More >>
  • Markle seeks respect for dad after report he'll skip wedding

    Markle seeks respect for dad after report he'll skip wedding

    Tuesday, May 15 2018 7:04 AM EDT2018-05-15 11:04:45 GMT
    (AP Photo/Kirsty Wigglesworth). Flags fly in front of the castle in Windsor, England, Monday, May 14, 2018. Preparations are being made in the town ahead of the wedding of Britain's Prince Harry and Meghan Markle that will take place in Windsor on Satu...(AP Photo/Kirsty Wigglesworth). Flags fly in front of the castle in Windsor, England, Monday, May 14, 2018. Preparations are being made in the town ahead of the wedding of Britain's Prince Harry and Meghan Markle that will take place in Windsor on Satu...
    Kensington Palace says Britain's Prince Harry and Meghan Markle are requesting "understanding and respect" for Markle's father after a celebrity news site reported he would not be coming to the royal wedding to...More >>
    Kensington Palace says Britain's Prince Harry and Meghan Markle are requesting "understanding and respect" for Markle's father after a celebrity news site reported he would not be coming to the royal wedding to walk his daughter down the aisle.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