M&A Deal Summary

Alcoa Acquires Reynolds Metals

On May 3, 2000, Alcoa acquired metals/mining company Reynolds Metals for 4.5B USD

Acquisition Highlights
  • This is Alcoa’s 1st transaction in the Metals/Mining sector.
  • This is Alcoa’s largest (disclosed) transaction.
  • This is Alcoa’s 1st transaction in the United States.
  • This is Alcoa’s 1st transaction in Virginia.

M&A Deal Summary
Date 2000-05-03
Target Reynolds Metals
Sector Metals/Mining
Buyer(s) Alcoa
Deal Type Merger
Deal Value 4.5B USD

Target

Reynolds Metals

Richmond, Virginia, United States
Reynolds Metals Co., Inc. provides metal services. Reynolds brand name, its packaging and consumer products businesses, smelting operations, manufacturing operations serving the construction and transportation markets, and bauxite.

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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 1 of 24
Sector (Metals/Mining) 1 of 11
Type (Merger) 1 of 1
State (Virginia) 1 of 2
Country (United States) 1 of 17
Year (2000) 1 of 7
Size (of disclosed) 1 of 7
FOLLOWING 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
Mergr

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