M&A Deal Summary

Alcoa Acquires Fairchild Fasteners

On December 3, 2002, Alcoa acquired aerospace company Fairchild Fasteners from The Fairchild for 657M USD

Acquisition Highlights
  • This is Alcoa’s 2nd transaction in the Aerospace sector.
  • This is Alcoa’s 7th largest (disclosed) transaction.
  • This is Alcoa’s 13th transaction in the United States.
  • This is Alcoa’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2002-12-03
Target Fairchild Fasteners
Sector Aerospace
Buyer(s) Alcoa
Sellers(s) The Fairchild
Deal Type Divestiture
Deal Value 657M USD

Target

Fairchild Fasteners

Dulles, Virginia, United States
Fairchild Fasteners is a supplier of aerospace fasteners. Fairchild manufacturers precision fastening systems and components. Its products are used primarily in the construction and maintenance of commercial and military aircraft.

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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 17 of 24
Sector (Aerospace) 2 of 5
Type (Divestiture) 2 of 4
State (Virginia) 2 of 2
Country (United States) 13 of 17
Year (2002) 3 of 3
Size (of disclosed) 7 of 7
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-24 Ivex Packaging

Lincolnshire, Illinois, United States

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

Sell -

Seller(S) 1

SELLER

The Fairchild

McLean, Virginia, United States
Category Company
Founded 1925
Sector Apparel/Textiles
Employees784
DESCRIPTION

Fairchild consists of three segments: PoloExpress, Hein Gericke and Aerospace. Fairchild’s PoloExpress and Hein Gericke businesses design and sell motorcycle protective apparel, helmets and a large selection of technical accessories for motorcyclists. Together, Hein Gericke and PoloExpress operate 234 retail shops in Germany, the United Kingdom, Austria, Belgium, France, Italy, Luxembourg, the Netherlands, Switzerland and Turkey. Fairchild’s aerospace segment is engaged in the aerospace distribution business which stocks and distributes a wide variety of parts to operators and aerospace companies providing aircraft parts and services to customers worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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