Alcoa Completes Purchase of Reynolds' Extrusion Plant in Irurzun, Spain.PITTSBURGH Pittsburgh (pĭts`bərg), city (1990 pop. 369,879), seat of Allegheny co., SW Pa., at the confluence of the Allegheny and the Monongahela rivers, which there form the Ohio River; inc. 1816. , Pa., and RICHMOND Richmond, cities, United States Richmond. 1 City (1990 pop. 87,425), Contra Costa co., W Calif., on San Pablo Bay, an inlet of San Francisco Bay; inc. 1905. , Va.--(BUSINESS WIRE)--March 31, 1999--Alcoa and Reynolds Metals Reynolds Metals Company (RMC) was the second largest aluminum company in the United States, and the third largest in the world. The company became well-known for the consumer product Reynolds Wrap as well as being a leader in developing and promoting new uses for aluminum; Company announced today that Alcoa has completed the acquisition of Reynolds' aluminum extrusion plant in Irurzun, Spain as well as its distribution operation for architectural systems, which has warehouses in several cities in Spain. The two companies had announced last December that they had signed a definitive agreement for Alcoa to buy the plant. The Irurzun plant has the capacity to produce 22,000 metric tons per year of soft alloy alloy (ăl`oi, əloi`) [O. Fr.,=combine], substance with metallic properties that consists of a metal fused with one or more metals or nonmetals. extrusions for use primarily in industrial and residential building applications throughout Europe. Both operations employ approximately 280 people. Terms of the transaction were not disclosed. Note to Editors: There should be an accent over the second "u" in "Irurzun" throughout the release. The accent was omitted for transmission purposes only. |
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