M&A Deal Summary

Alcoa Acquires Dooray Air Metal Extrusion Business

On May 22, 2001, Alcoa acquired metals/mining company Dooray Air Metal Extrusion Business from Dooray Air Metal

Acquisition Highlights
  • This is Alcoa’s 5th transaction in the Metals/Mining sector.
  • This is Alcoa’s 1st transaction in South Korea.

M&A Deal Summary
Date 2001-05-22
Target Dooray Air Metal Extrusion Business
Sector Metals/Mining
Buyer(s) Alcoa
Sellers(s) Dooray Air Metal
Deal Type Divestiture

Target

Dooray Air Metal Extrusion Business

Changwon,, South Korea
Dooray Air Metal Extrusion Business produces hard alloy extrusions for use primarily in industrial, transportation and defense applications.

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Buyer(S) 1

Buyer

Alcoa

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1886
Sector Metals/Mining
Employees13,600
Revenue 10.6B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 10 of 24
Sector (Metals/Mining) 5 of 11
Type (Divestiture) 1 of 4
Country (South Korea) 1 of 1
Year (2001) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-20 Cordant Technologies

Salt Lake City, Utah, United States

Cordant was composed of three businesses: Howmet International, a manufacturer of precision investment cast parts for aerospace and industrial gas turbine markets; Huck Fasteners, a manufacturer of fastening systems for aerospace and industrial markets; and Thiokol Propulsion, a manufacturer of solid rocket motors for aerospace, defense and commercial applications.

Sell $2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-18 ISAC

Amityville, New York, United States

ISAC Corp. a provider of engineering, furnish and installation (EF&I) services to the telecommunications industry.

Buy -

Seller(S) 1

SELLER

Dooray Air Metal

Seoul,, South Korea
Category Company
Founded 1945
Sector Metals/Mining
DESCRIPTION

Dooray Air Metal Co. Ltd. produces aluminum wheels, castings and extrusion parts for automotive, aerospace, and defense applications in the Korean domestic and export markets. It operates four manufacturing facilities in Korea.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (South Korea) 1 of 1
Year (2001) 1 of 1
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