M&A Deal Summary

Alcoa Acquires Howmet International

On June 20, 2000, Alcoa acquired metals/mining company Howmet International

Acquisition Highlights
  • This is Alcoa’s 2nd transaction in the Metals/Mining sector.
  • This is Alcoa’s 3rd transaction in the United States.
  • This is Alcoa’s 1st transaction in Ohio.

M&A Deal Summary

Date 2000-06-20
Target Howmet International
Sector Metals/Mining
Buyer(s) Alcoa
Deal Type Add-on Acquisition

Target

Howmet International

Cleveland, Ohio, United States
Howmet International is a producer of investment casting of superalloys, aluminum and titanium.

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Buyer(S) 1

Buyer

Alcoa

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1886
Sector Metals/Mining
Employees13,900
Revenue 11.9B USD (2024)
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 founded in 1886 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 3 of 24
Sector: Metals/Mining M&A 2 of 11
Type: Add-on Acquisition M&A Deals 2 of 18
State: Ohio M&A 1 of 2
Country: United States M&A 3 of 17
Year: 2000 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-05 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.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-02 Southern Plastics

Eufaula, Alabama, United States

Southern Plastics, Inc. provides injection molding technology and access to important food and personal care markets.

Buy -