Deals
Ontario Teachers Hires Advisers to Weigh Sale of Exal
- Pension plan is seeking about $1 billion for packaging company
- Exal has made aluminum containers for Coca-Cola, Dove, Febreze
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Ontario Teachers’ Pension Plan has hired advisers to explore a sale of Exal Corp., a manufacturer of specialty aluminum containers, according to people familiar with the matter.
Ontario Teachers’ is seeking about $1 billion for Exal, the people said, asking not to be identified because the matter is private. No final decision has been made and Ontario Teachers may choose to keep the company, they said.