M&A Deal Summary

Alcoa and Century Aluminum Acquire Mt. Holly Aluminum Smelter

On October 30, 2000, Alcoa and Century Aluminum acquired metals/mining company Mt. Holly Aluminum Smelter

Acquisition Highlights
  • This is Alcoa’s 4th and Century Aluminum’s 1st transaction in the Metals/Mining sector.
  • This is Alcoa’s 5th and Century Aluminum’s 1st transaction in the United States.
  • This is Alcoa’s 1st and Century Aluminum’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2000-10-30
Target Mt. Holly Aluminum Smelter
Sector Metals/Mining
Buyer(s) Alcoa
Century Aluminum
Deal Type Joint Venture

Target

Mt. Holly Aluminum Smelter

Goosecreek, South Carolina, United States
Mt. Holly Aluminum Smelter produces approximately 224,000 metric tonnes of aluminum per year. Mt. Holly, is the most advanced plant of its kind in the United States, a pacesetter in production efficiency, energy utilization and environmental protection.

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Buyer(S) 2

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 7 of 24
Sector (Metals/Mining) 4 of 11
Type (Joint Venture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 5 of 17
Year (2000) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-28 Aluminum Reynolds de Venezuela

Venezuela

Aluminum Reynolds de Venezuela is a small extrusions company producing approximately 2800 tons of extrusions per year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-08 Gentek Building Products

Concord, Ontario, Canada

Gentek Building Products, Inc. is a North American manufacturer and distributor of exterior building products for residential renovation and new construction and engineered metal buildings for agricultural and commercial markets.

Buy -
Buyer

Century Aluminum

Chicago, Illinois, United States

Category Company
Founded 1995
Sector Metals/Mining
Employees2,939
Revenue 2.2B USD (2023)
DESCRIPTION

Century Aluminum is an aluminum producer, supplying standard-grade, high-purity and value-added primary aluminum products. Century Aluminum was incorporated in 1995 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 4
Sector (Metals/Mining) 1 of 4
Type (Joint Venture) 1 of 1
State (South Carolina) 1 of 2
Country (United States) 1 of 3
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 Zeeland Aluminum - European Anode Facility

Vlissingen, Netherlands

Zeeland Aluminum - European Anode Facility provides an additional secure source of captive anode production for Century's Grundartangi, Iceland smelter. The approximately 150,000 tonne anode facility also could supply anodes to Century's smelter project in Helguvik, Iceland upon the project's completion. The acquisition is a continuation of Century's efforts to opportunistically secure access to strategic assets and cut costs within a challenging global economy.

Buy €10M