M&A Deal Summary

Alcoa Acquires Engineered Plastic Components

On March 1, 2002, Alcoa acquired machinery company Engineered Plastic Components

Acquisition Highlights
  • This is Alcoa’s 1st transaction in the Machinery sector.
  • This is Alcoa’s 11th transaction in the United States.
  • This is Alcoa’s 1st transaction in Iowa.

M&A Deal Summary

Date 2002-03-01
Target Engineered Plastic Components
Sector Machinery
Buyer(s) Alcoa
Deal Type Add-on Acquisition

Target

Engineered Plastic Components

Grinnell,, Iowa, United States
Engineered Plastic Components, produces injection molded plastic components and assemblies for use in electrical and electronic systems for the automotive industry and in selected applications for telecommunications and medical markets.

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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 15 of 24
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 12 of 18
State (Iowa) 1 of 1
Country (United States) 11 of 17
Year (2002) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-30 REDD Team Mfg.

Keystone Heights, Florida, United States

REDD Team Mfg. is a fast growing, highly specialized manufacturer of durable extruded aluminum products for institutional, commercial, residential, military and municipal markets. It manufactures ramps and stair systems; gangways and floating docks; and pedestrian bridges. REDD team offers a complete line of accessibility products that conform to the Americans with Disabilities Act guidelines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-03 Ivex Packaging

Lincolnshire, Illinois, United States

Ivex Packaging is a manufacturer of specialty plastic packaging for the food, electronic, medical, and retail markets.

Buy $790M