Kaiser to Purchase Hard Alloy Extrusion Maker

Kaiser Aluminum Corp., Foothill Ranch, Calif. has agreed to buy Alexco LLC, a Chandler, Ariz., manufacturer of hard alloy extrusions for the aerospace industry, in a cash transaction valued at about $90 million. The deal is expected to close in December.

“Alexco is a well established supplier of aerospace extrusions, which will position Kaiser Aluminum in a significant market segment that provides a natural complement to our current offering of sheet, plate, cold finish and drawn tube products for aerospace applications,” said Jack A. Hockema, Kaiser Aluminum chairman, president and CEO.

The facility will continue to be operated by Alexco’s strong and experienced management team, he added. “With a solid market presence and a strong balance sheet, we look forward to capturing increased potential as the business is integrated into Kaiser Aluminum."

January 2017: Consider the Tradeoffs of Trade Policies, Jobs
More...
 
Pause
January 2017: Conditions Right for M&A
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2016
More...
 
Pause
Behringer Expands VA-L Line of Circular Cold Saws
More...
Hypertherm Increases Power in Powermax45 XP
More...
Marvel Saw Cuts Specialty Metals
More...
KASTO Band Saw Reduces Cutting Times
More...
Messer MetalMaster Delivers Precise Bevels
More...
ASKO’s HXT Knives Cut High-Strength Steels
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Wednesday, February 22, 2017