Alcoa Reaches Agreement To Sell Sherwin Alumina Refinery.Business Editors PITTSBURGH--(BUSINESS WIRE)--Oct. 20, 2000 Alcoa Inc. said today that it has reached an agreement to sell the Sherwin alumina refinery located near Corpus Christi, Texas Corpus Christi is a coastal city and the county seat of Nueces CountyGR6 in the U.S. state of Texas. It is part of the region known as South Texas. to BPU BPU benzoylphenyl urea. Reynolds, Inc., a private investment company. Terms were not disclosed. Alcoa acquired the Sherwin refinery as part of its acquisition of Reynolds Metals Company in May 2000. The Sherwin refinery has a production capacity of 1.6 million metric tons per year and its sale is required under the U.S. Department of Justice (DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. ) regulatory approval that cleared Alcoa's acquisition of Reynolds. The sale to BPU Reynolds must be approved by the DOJ and is expected to close by November 30, 2000. Alcoa (NYSE NYSE See: New York Stock Exchange :AA) |
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