Platinum bought Alcoa’s wire harness and electrical distribution business in June 2009; Alcoa put the division up for sale in January 2009. The business was the largest component of Alcoa’s electrical and electronic solutions division, with over 17,000 employees and a presence in 13 countries across the globe.
Platinum planned to ensure that the carve-out was competitive and to build it into a strong and profitable standalone operation. After the sale, Alcoa had about 63,000 employees in 31 countries.
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