Alcoa announced it has agreed to sell its two remaining U.S. soft-alloy extrusion facilities in Warren, Ohio, and Plant City, Fla., to Golden Aluminum. Alcoa also announced that it will close its Tifton, Ga., soft-alloy extrusion facility by the end of October 2007. The company was not able to secure a suitable buyer for the plant. Earlier this year, Alcoa contributed nearly all of its soft-alloy extrusion business into a joint venture with Sapa Group.
The plants in Warren and Plant City extrude aluminum into products used in the construction and commercial transportation markets. The transaction, terms of which were not disclosed, is expected to be completed by the end of September 2007.
Alcoa to Sell Two Plants, Close One
August 28, 2007