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NEGOTIATIONS FOR SALE OF REYNOLDS METALS SUBSIDIARY DISCONTINUED

NEGOTIATIONS FOR SALE OF REYNOLDS METALS SUBSIDIARY DISCONTINUED
 RICHMOND, Va., Oct. 7 /PRNewswire/ -- Reynolds Metals Company (NYSE: RLM) today announced that negotiations with U.S. Reduction Co. regarding the sale of ALRECO Metals, Inc., a Reynolds aluminum reclamation facility in Benton Harbor, Mich., have been discontinued.
 The companies had announced in August the signing of a letter of intent for the proposed transaction, which was subject to a number of conditions.
 The companies did not disclose the reasons for the decision not to proceed with the transaction.
 -0- 10/7/92
 /CONTACT: Drew Lybrook of Reynolds Metals Company, 804-281-3262 or, after hours, 804-360-5736/
 (RLM) CO: Reynolds Metals Company; U.S. Reduction Co.; ALRECO Metals, Inc. ST: Virginia IN: MNG SU:


TW -- DC005 -- 7365 10/07/92 09:39 EDT
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Publication:PR Newswire
Date:Oct 7, 1992
Words:129
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