Alcoa - M&A Summary and Business Overview

Metals/miningCompany

Alcoa M&A Summary

Alcoa has acquired 26 companies, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 22 assets.

Alcoa’s largest acquisition to date was in 2000, when it acquired Reynolds Metals for $4.5B. It’s largest disclosed sale occurred in 2001, when it sold Cordant Technologies to Alliant Techsystems for $2.9B. Alcoa has acquired in 12 different US states, and 7 countries. The Company’s most targeted sectors include metals/mining (46%) and aerospace (21%).

Alcoa Business Overview

Where is Alcoa headquartered?

Alcoa is headquartered in Pittsburgh, Pennsylvania.

What is Alcoa’s revenue?

Alcoa disclosed revenue of 10,551M USD for 2023 and 12,451M USD for 2022.

How many employees does Alcoa have?

Alcoa has 13,600 employees.

What sector is Alcoa in?

Alcoa is a metals/mining company.

When was Alcoa founded?

Alcoa was founded in 1886.

M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity24
    • M&A Sell Activity22
  • Total Sectors Invested 8
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 28
  • M&A Advisors 10

Alcoa

Alcoa Corporation

201 Isabella Street, Suite 500,
Pittsburgh, Pennsylvania 15212
United States,
(412) 315-2900
www.alcoa.com

Alcoa is a lightweight metals engineering and manufacturing company. Alcoa’s multi-material products, which include aluminum, titanium, and nickel, are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Alcoa was incorporated in 1886 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 23 - - - - 1 24
vol $12.6B $2.2B $14.8B
Sell (0.2/yr) # 21 1 - - - - 22
vol $4.8B $670M $5.5B
  46

Most Recent M&A

Company Date Value Type
Alumina Ltd. 2024-03-11 2.2B USD Add-on Acquisition
Southbank, Australia · www.aluminalimited.com
Alcoa Warrick LLC 2020-11-30 670M USD Divestiture
Evansville, Indiana
Alcoa - Avilés and La Coruña Aluminum Plants 2019-07-31 - Divestiture
, Spain
Arconic Corp. 2016-11-01 - Spin Off
Pittsburgh, Pennsylvania · www.arconic.com
RTI International Metals, Inc. 2015-03-09 1.5B USD Add-on Acquisition
Pittsburgh, Pennsylvania · www.rtiintl.com
Aludium 2015-01-01 - Divestiture
Alicante, Spain · www.aludium.com
TITAL GmbH 2014-12-15 - Add-on Acquisition
Bestwig, Germany · www.tital.de
Firth Rixson Ltd. 2014-11-20 2.9B USD Add-on Acquisition
Sheffield, United Kingdom · www.firthrixson.com
Alcoa Power Generating Inc 2012-11-15 600M USD Divestiture
, United States
Alcoa Assets Related to Rockdale, Texas Site 2012-08-15 - Divestiture
Rockdale, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Metals/Mining 11 (46%) 8.2B (55%) 7 (32%) 1.3B (24%)
Aerospace 5 (21%) 5.8B (39%) 2 (9%) 2.9B (53%)
Building Materials 3 (13%) - 2 (9%) 305M (6%)
Transportation - - 4 (18%) -
Packaging 1 (4%) 790M (5%) 1 (5%) -
Chemicals - - 2 (9%) 342M (6%)
Communications 1 (4%) - - -
Consumer Products 1 (4%) - - -
Machinery 1 (4%) - - -
Technology Hardware 1 (4%) - - -
Business Services - - 1 (5%) -
Electrical Equipment - - 1 (5%) -
Manufacturing - - 1 (5%) -
Renewable Energy - - 1 (5%) 600M (11%)
Total 24 $14.8B 22 $5.5B

By Geo

State/Country Buy Value Sell Value
United States 17 9.7B 17 5.1B
  California 3 - 1 -
  Pennsylvania 2 1.5B 1 -
  New York 1 - 2 -
  Texas - - 3 -
  Virginia 2 5.2B - -
  Ohio 2 - - -
  Utah 1 2.3B 1 2.9B
  Minnesota 1 - 1 660M
  Illinois 1 790M 1 -
  South Carolina 1 - - -
  Iowa 1 - - -
  Florida 1 - - -
  Alabama 1 - - -
  Missouri - - 1 305M
  Michigan - - 1 -
  Louisiana - - 1 -
  Indiana - - 1 670M
  Georgia - - 1 -
  Arkansas - - 1 -
Germany 1 - 2 342M
Spain - - 2 -
United Kingdom 2 2.9B - -
Venezuela 1 - 1 -
Australia 1 2.2B - -
Canada 1 - - -
  Ontario 1 - - -
South Korea 1 - - -
Domestic 17 (71%) 9.7B (66%) 17 (77%) 5.1B (94%)
Cross-border 7 (29%) 5.1B (34%) 5 (23%) 342M (6%)
Total 24 $14.8B 22 $5.5B

Top M&A Advisors

Financial Deals
Greenhill & Co., Inc.
 3
Morgan Stanley
 2
J.P. Morgan Securities
 2
Legal Deals
Wachtell, Lipton, Rosen & Katz
 2
Jones Day
 1
Davis Polk & Wardwell
 1

Deal Values

buy # Total
> $1B 5 $13.4B
$100M to $1B 2 $1.4B
TOTAL $14.8B
Largest Reynolds Metals Co., Inc.
$4.5B (2000-05-03)
sell # Total
> $1B 1 $2.9B
$100M to $1B 5 $2.6B
TOTAL $5.5B
Largest Cordant Technologies, Inc.
$2.9B (2001-04-20)

M&A Connections

Deals
Acquired from
Investor(s)
8%
2 (8%)
Strategic(s)
17%
4 (17%)
Divested to
Investor(s)
18%
4 (18%)
Strategic(s)
77%
17 (77%)

Company Summary

SECTOR

Metals/Mining

Revenue

10,551   16% 2023
12,451   3% 2022
12,152   31% 2021
9,286   11% 2020
10,433   23% 2019
13,403   16% 2018
11,652   26% 2017
9,318   17% 2016
11,199   15% 2015
13,147   2014
(millions of USD) Show More Show Less

Employees

13,600

Established

1886

Public

NYSE: AA

Former Name

Alcoa Upstream Corporation

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