Aug Mon, 2019
São Paulo, August 26th 2019 – Companhia Brasileira de Alumínio (CBA) entered into an agreement to acquire the Brazilian rolling mill operations from Arconic Inc. located at Itapissuma, Pernambuco, in a US$50 million transaction.
The Itapissuma operations have an annual production capacity of 50 thousand tonnes of aluminum sheet and foil. This transaction will complement CBA’s flat rolled product line, improving the Brazilian aluminum industry’s competitiveness against imported products.
The closing of the transaction, and subsequent transfer of control to CBA, is subject to customary regulatory approvals. Until the transaction closing, both companies will continue to operate independently.
Arconic Inc., (NYSE: ARNC) is a global metals manufacturing company that creates breakthrough products that shape industries. Working in close partnership with customers, Arconic solves complex engineering challenges to transform the way we fly, drive, build and power. Through the ingenuity of its people and cutting-edge advanced manufacturing techniques, Arconic delivers these products at a quality and efficiency that ensure customer success and shareholder value.
For more information, visit www.arconic.com
Since 1955, Companhia Brasileira de Alumínio (CBA) produces high-quality aluminum in an integrated and sustainable manner.
With nearly 100% of its energy usage coming from own hydropower plants, CBA mines and processes bauxite into primary aluminum (ingots, billets, rebar and plates) and downstream products (plates, coil, sheet and profiles). In close partnership with its customers, CBA develops solutions and services for the packaging and transportation markets, ensuring a lighter, longer and better life.
For more information, visit www.cba.com.br/en
Ana Carolina Matos
(11) 3185.9913 | (11) 98142.7740