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REYNOLDS METALS TO PURCHASE MILLER BREWING COMPANY CAN PLANTS

 RICHMOND, Va., Aug. 26 /PRNewswire/ -- Reynolds Metals Company (NYSE: RLM) and Miller Brewing Company today announced they have reached agreement for Reynolds to purchase Miller's aluminum beverage can and end manufacturing operations.
 "This action is part of Reynolds strategy to grow its value-added products businesses, especially those serving the container and packaging markets. The transaction will increase our U.S. aluminum can capacity by almost 50 percent," said Richard G. Holder, Reynolds chairman and chief executive officer.
 The plants being purchased by Reynolds are located in Milwaukee; Fulton, N.Y.; Fort Worth, Texas; Reidsville, N.C.; and Moultrie, Ga. They have a combined annual capacity of 5 billion aluminum beverage cans and ends and employ more than 800 people. Upon closing of the purchase, Reynolds and Miller will enter into a long-term agreement under which Reynolds will supply substantially all of Miller's aluminum beverage can requirements.
 "Reynolds and Miller have enjoyed a long-time partnership in the aluminum can business. We expect the Miller plants to continue producing aluminum cans and ends for the Miller breweries they are currently serving," said Holder.
 The purchase is subject to regulatory approvals and other customary closing conditions. Closing is expected to occur in the fourth quarter. Terms of the transaction were not disclosed.
 Reynolds Metals Company operates nine aluminum can plants and two end plants in the United States and a can plant in Puerto Rico. The company's Reynolds International, Inc., subsidiary operates a can plant in Austria and is a participant in a joint-venture can plant in Brazil.
 -0- 8/26/93
 /CONTACT: Drew Lybrook of Reynolds Metals Company, 804-281-2965, or Michael Brophy of Miller Brewing Company, 414-931-2817/
 (RLM)


CO: Reynolds Metals Company; Miller Brewing Company ST: Virginia IN: MNG SU:

TW -- DC004 -- 6040 08/26/93 09:29 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
Words:297
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