Alcoa's largest acquisition to date was in 2000, when it acquired Reynolds Metals for $4.5B. Alcoa Inc reaches definitive merger agreement with Reynolds Metals Co, in relatively swift negotiations that leave some Reynolds shareholders grumbling; in all-stock deal, Reynolds' shareholders . Come for the cinnamon rolls, but stay for the peanut butter cookies, salted caramel apple cupcakes and more. With the demand for lighter, more fuel-efficient automobiles, the use of aluminum in U.S. cars was expected to rise during the 1990s. To opt-in for investor email alerts, please enter your email address in the field and select at least one alert option. Jeff also served as the Secretary of Alcoa Corporation from November 2016 through December 2019. Prior to the separation of Alcoa Inc. into two companies, Molly was Director, Global Shared Services Strategy and Solutions. The company also sold its 40 percent interest in Australia's Boddington Gold Mine, but was to exit the gold business altogether the next year. You will be notified in advance of any changes in rate or terms. That company went on to be known as Alcoa. Reynolds began as a supplier of foil for cigarette packaging. Crews on Monday work along Industrial Way near Northwest Alloys. [14], Last edited on 13 February 2023, at 05:05, Reynolds Metals Company International Headquarters, "European Commission OKs Alcoa-Reynolds deal", "Pactiv Evergreen Inc. (Currently Known as Reynolds Group Holdings Limited) Announces Launch of Initial Public Offering", "Wrapping Aluminum at the Reynolds Metals Company", "National Register of Historic Places: Reynolds Metals Company International Headquarters", National Register properties in Henrico County, VA, "How a Downington Printing Plan Failed after 50 Years", "Reynolds shakes off market jitters with year's first big IPO", Opportunity in Crisis: The Reynolds Metals Story, https://www.reynoldsconsumerproducts.com/, Referenceforbusiness.com: History of the Reynolds Metals Company, https://en.wikipedia.org/w/index.php?title=Reynolds_Group_Holdings&oldid=1139065650, This page was last edited on 13 February 2023, at 05:05. He said work could begin next spring and crews would need two dry seasons to complete the cleanup. Roy graduated with honors from The Wharton School of Business, University of Pennsylvania, simultaneously earning masters degrees in International Business and Corporate Finance as a fellow of the Lauder Institute International MBA program, and holds a bachelors degree in Mining Engineering from Columbia University. Current work at the former Reynolds Metals Company site in the 4000 block of Industrial Way is not the cleanup efforts, but the demolition of buildings by the current company to make way for future projects, as well as nearby routine power pole replacements by the local utilities district. In 1946, the company leased, then purchased six government-owned production plants, and by doing so doubled its production capacity. Previously at Alcoa Inc., Bill served as Chief Operating Officer for Alcoa Global Primary Products (GPP) responsible for day-to-day operations of its five businesses mining, refining, smelting, casting and energy. Today, because of innovations like the pull tab, and because of aluminum's recyclability, the canned beverage market is virtually 100% aluminum. The Reynolds Metals Company opened its Massena aluminum reduction plant in 1958, on the bank of the St. Lawrence River, near the near the Massena-Cornwall International Bridge. The facility now known as Alcoa East was constructed in 1958 for the production of aluminum and closed in 2014. ALCOA CORPORATION (Delaware (US), 10 Mar 2016 - ) The Personal Touch A whirlwind three-stop Day One tour by top executives, who met with hundreds of employees at Alcoas headquarters in Pittsburgh, Pa., at the Reynolds Metals HQ in Richmond, Va., and at Reynolds facility in Massena, N.Y. Reynolds Metals Company was founded in 1919 by R.S. The beverage can with the stay-on, pull-top tab was well received in 1975. In 1946, the company leased, then purchased six government-owned production plants, and by doing so doubled its production capacity. It was headquartered for most of its existence in Richmond, Virginia; the Modernist style Reynolds Metals Company International Headquarters was built there in 1958. In 1935 Reynolds developed a method of printing on aluminum foil, employing the rotogravure process, which enabled the company to expand quickly into other aluminum foil packaging markets. Reynolds's research had helped develop technology for the manufacture of aluminum automobile drive shafts and radiators. You did a masterful job of coordinating this project and have been a major contributor throughout. In the early 1980s, David Reynolds and William Bourke, a former Ford Motor Company vice president and now Reynolds's chairman and CEO, realized that Reynolds's upstream costs--for mining, smelting, and refining--were cutting into downstream profits on finished goods, like aluminum foil and cans. Just hours after three foreign rivals announced a $9 billion deal to form the world's largest aluminum company, industry leader Alcoa Inc. went public with an offer to buy Richmond-based Reynolds . Alcoa is an international aluminum company with operations in multiple countries and U.S . Alcoa Inc., the world's largest aluminum concern, cleared U.S. and European antitrust hurdles and completed its acquisition of Reynolds Metals Co., the world's third-largest aluminum company, in a . Reynolds Group Holdings is a New Zealand based packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world.Reynolds Metals was acquired by Alcoa in June 2000. Reynolds published cookbooks such as Outdoor Cooking with Reynolds Wrap (1950) and Casual Cooking (1954) in an attempt to promote the sales of Reynolds Wrap. Reynolds Metals Company leased the plant in June 1946, and purchased it in June 1949. %PDF-1.6 % Alcoa bought the Reynolds Metals Co. and its Longview aluminum plant, located west of Longview, in 2000. The company is first incorporated as The Pittsburgh Reduction Company and opens a pilot production facility on Smallman Street. PRovoke Media picks out 15 people from the marketing communications and PR worlds who are worth keep Three years of dramatic instability suggested a more downbeat Davos, but public relations pros will Intelligence and insight from across the PR world. Large quantities of wastes were generated by the plant during the production of aluminum. 19. The Reynolds Metals Company International Headquarters is an International Style building complex set in a composed landscape near Richmond, Virginia, completed in 1958. . The resulting lower manufacturing costs allowed the company to undersell its competitors by several cents per pound, ensuring the company's share of the growing market. By repurposing military by-products into consumer goods, aluminum was now being marketed for its decorative appeal as well, creating a product of both functional and eye-catching qualities. The company also announced that employment would once again be reduced by 12 percent to cut costs. In 1940 Reynolds Metals began mining bauxite (aluminum ore) in Bauxite, Arkansas and opened its first aluminum plant near Sheffield, Alabama, the following year. In this capacity, he has advised on a variety of acquisition, divestiture and greenfield development projects, including the divestiture of the global Alcoa World Chemicals business segment, and the negotiation of development projects with the governments of Iceland, Ghana and Suriname. Metals It will serve as the companys headquarters for more than 40 years. He was the last member of his family to head the company and would retire as chairman. Ethical rating of Reynolds Metals Co. , group ALCOA (Aluminum Company Of America) and subsidiaries Labor 2 Jobs-27% /1998 Pollution 1 Fraud 1 Offshore 8 Sales 31 Bn $. /year Profit 12 Bn $. /1998 Wage 433 *min. Earlier in his career, Bill held engineering, marketing management and business planning positions with Westinghouse and Emerson Electric. Sign up for our newsletter to keep reading. Renato Bacchi is Executive Vice President and Chief Strategy and Innovation Officer and focuses on developing and overseeing the execution of strategies to support Alcoas vision to reinvent the aluminum industry for a sustainable future and the Companys innovations and technologies, including the Companys Technical Research Center for research and development activities. At Alcoa, we promise to treat your data with respect and will not share your information with any third party. In 1938 R.S. Most stock quote data provided by BATS. The ads were designed to reinforce the key messages of the global communications materials, boost employee pride and send a message of optimism to Wall Street. Two Days Mattered Most. These ads were available to key communicators via the Intranet site for use in local newspapers in the communities where Alcoa and Reynolds Metals plants are located.EVALUATIONObjective 1 - Deliver timely, accurate information to employees through 300 key communicators Key communicators visited the Intranet site during 562 user sessions double the objective. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. World-Class Materials Ketchum developed a special edition box of Reynolds Wrap Aluminum Foil, posters, brochures, a wallet card and advertisements to commemorate the event. Privacy Policy. In 2019, the Department of Ecology announced a $28 million cleanup at the former Reynolds Metal plant, including excavating and capping contaminated soil onsite and disposing of soil contaminated with petroleum offsite. ALCOA, INCORPORATED, Defendant-Appellee, Reynolds Metals Company, Party in Interest-Appellee. Finally, we can read about how these great companies came about with Company Histories.. In 1996, another can-making plant was closed in Houston, Texas, but the modernization of a plant in Torrance, California, neared completion with the number of manufacturing lines reduced from six to three. An aluminum smelter and cable mill ran on the property for almost 60 years, leaving contaminants like fluoride and cyanide in the soil, the state says. Effective April 1, 1997, the company was organized into six global units, down from its former 20 operating units, that would focus on the most profitable aluminum markets around the world. He is also a Director of Alcoa Corporation. Reynolds's World War II production was extensive. The Company serves customers in the aluminum fabricating, packaging and consumer, commercial construction, distribution, and . Reynolds deduced that Germany was preparing for war, with a massive production effort in aluminum sheet used to build military airplanes. 1000683 American Standard Manufacturing Co. Chicago. 1. Ancient Antioch Survived Many Disasters in Its 2,400 YearsTurkeys Earthquake Obliterated It, How Gas From Texas Becomes Cooking Fuel in France, Opinion: Common Sense Points to a Lab Leak, Opinion: Yes, Theres a Housing Crisis. Texas refinery. They downloaded fact sheets, newsletter articles, and employee benefits Q&A to help them communicate to employees.World-Class Materials Ketchum developed a special edition box of Reynolds Wrap Aluminum Foil, posters, brochures, a wallet card and advertisements to commemorate the event. Roy joined Alcoa in 2002 as a business analyst for GPP in Knoxville, Tennessee. Alcoa (F/K/A Reynolds Metals) Los Angeles. U.S. v. Alcoa and Reynolds Metals. Kristin Gaines, Western U.S. director of transformation for Alcoa, said she is hopeful cleanup will start in 2023, but the . In this role, he oversaw extensive restructuring of the upstream business with an emphasis on optimizing the groups centers of excellence (COEs), including the launch of the mining COE. During the 1920s most foil for packaging was made of lead and tin alloys. U.S. Foil's entrance into the market generated a price war with other foil manufacturers, who hoped that by cutting prices they could drive the fledgling company out of business. * Molly is a member of the Alcoa Executive Team, which sets strategy for the Company. Portions of the site were contaminated by these activities. At Alcoa, we believe our legacy is our call to action. He was Chief Operating Officer for GPP, where he focused on the day-to-day operations of Alcoa's mining, refining, smelting, castings and energy businesses. By 1990, the company included production plants throughout the country including a facility in Washington and mining operations throughout the world. With an unrivaled foundation of operational excellence, weve spent more than a century refining our processes to develop next-generation technologies that shape how we live, build, move and fly. Do Not Sell, Acceptance of $5.8B offer may not end battle for No. Alcoa purchased the land from Reynolds Metals that year. In 1993, RMC and NYSDEC signed a Consent Order that required RMC to implement the remedy in the ROD. From June 2014 to October 2015, Roy was Executive Vice President, Human Resources, Environment, Health & Safety and Sustainability. However, decline for beer beverage cans was continuing, and another can-making plant was closed in Fulton, New York. Decided: May 10, 2001 Before NIEMEYER, MICHAEL, and MOTZ, Circuit Judges. The company has developed new process technologies in aluminum-lithium casting, electromagnetic casting, and various techniques in automation. The company was acquired by Alcoa on May 3, 2000 to become the largest aluminum company in the United States. In this role, Jeff has overall responsibility for Alcoas legal, compliance, and governance matters globally. Intranet Innovation Ketchum created an Alcoa Intranet site where merger documents, including advertising, were prepared and held ready for last minute changes. Reynolds Aluminum Supply Co. RASCO is a partner in MetalSpectrum, a metals e-commerce venture announced Tuesday that Alcoa also has a stake . Half the land will be preserved as open space. Alvin's work continues 45 years later. Pittsburgh, PA 15212-5858 The material was moved manually from one floor to another before the finished product was ready for shipment. Alcoa's bold $4.4 billion acquisition of Reynolds Metals, its chief rival for most of the 20 th century, delivered a powerful message to Wall Street and the company's worldwide workforce - the potent combination of Alcoa and Reynolds creates a stronger global competitor that is poised to achieve new levels of growth. Alcoa is selected as a component of the Dow Jones Sustainability Index, one of the most highly recognized and long-standing global sustainability indexes. She currently serves on the Board of the Public Affairs Council and chairs the Government Affairs Committee for the US Aluminum Association. Alcoa will have to sell David P. Reynolds, a metals manufacturing executive who helped bring aluminum foil and aluminum beverage cans into the American kitchen, died on Monday in Richmond, Va. The new units were packaging and consumer products, construction and distribution, transportation, metals and carbon products, bauxite and alumina, and cans. You may change your billing preferences at any time in the Customer Center or call Get all the articles, experts, jobs, and insights you need. It's largest disclosed sale occurred in 2001, when it sold Cordant Technologies to Alliant Techsystems . She left Alcoa in 1998 to work for Harris Teeter, a grocery store chain in the southeastern United States, where she managed all customer relations, media and employee communications. In addition, the company has a metal supply system with operations in bauxite mining, alumina refining, and primary and reclaimed aluminum production. Aluminum is an essential element in powering a global, sustainable economy. Aug. 31, 2011. Dating back to 1886, we launched an industry with our world-changing discovery that made aluminum an affordable and vital part of modern life. In 2019, Renato completed the Advanced Management Program 196 at Harvard University. A total of 4 acquisitions came from private equity firms. In 2000, the plant was temporarily shut down. In 1975 the company's assets in Guyana were nationalized and Reynolds was forced to settle for a $10 million payment for its Guyanese holdings. In addition to its capital investment program, the company expanded its research-and-development efforts. . During its use by Reynolds, the Executive Office Building was known as Reynolds EXO. As demand for the new metal grows, Alcoa moves its operations from Pittsburgh to nearby New Kensington, where it scales up to produce aluminum ingots as well as fabricated aluminum products. Reynolds also discharged contaminants to the St. Lawrence River through four permitted outfalls. NRD . Even with smaller cans, recycling them and other aluminum products was achieving record levels. The latter site was selected because the Reynolds plant plays an important role in the community of Massena and its economy. The site received 20,702 total hits, registering orders for or downloads of more than 10,000 brochures, 3,700 wallet cards, 2,700 posters, 47 printer-ready CDs in 11 different languages, and 200 employee videos. We're excited to announce that part number LS7030 is now available in our ready-to-ship inventory.Part number LS7030 is a Angle Structural manufactured by Alcoa Reynolds Metals Company with FSC 9540 Structural Shapes Nonferrous Base Metal.Are you interested in a quick and competitive quote for this part? Order (July 10, 2001) Plaintiff's Motion for Entry of Final Judgment (April 10, 2001) United States' Certificate of Compliance with the Provisions of the Antitrust Procedures and Penalties Act (April 10, 2001) United States' Response to Public Comments (January 16, 2001) Reynolds, a former law student and nephew of R.J. Reynolds, one of the first U.S. tobacco barons. Influence 4 Infocom 1 [click on the rating for the method or on the number for the data] Factset: FactSet Research Systems Inc. 2018. Video Vision Camera crews filmed Day One events, enabling Ketchum to generate managed media coverage and produce a merger video that was distributed for employee screenings.Its a WrapFull-page advertisements celebrating the merger were placed in media outlets that would reach analysts, investors, shareholders and employees, including The New York Timesand The Wall Street Journal. Salaried employees have since received pay adjustments. Prior to Vista Metals, Kelly served as Chief Operating Officer of Electronic Recyclers International (ERI), responsible for leading operations, procurement, and logistics and providing strategic direction and tactical oversight to eight operating plants. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. After spending several years in the tobacco business working for his uncle, R.S. In 1990 Reynolds recycled 438 million pounds of consumer-generated aluminum scrap, paying out $123 million to the recycling public. Today, we are the right company at the right time. Reynolds fortunes were greatly improved by the discovery of gold at one of the company's bauxite properties in Australia in 1986. He also purchased strategic raw material for the Latin American smelters and refineries and was responsible for Latin America primary metal sales. Gaines said the company earns profits by warehousing materials and transloading for nearby businesses. Reynolds Wrap, the company's well-known household aluminum foil, was introduced in 1947. [5] Reynolds marketed aluminum foil as gift wrap, aluminum yarn for Vogue dress patterns, and even extended their advertising strategy to include wrapping their office headquarters in aluminum.[5]. This business is working in the following industry: Manufacture of minerals and metals. Here are the top 25 Reynolds Metals Co. profiles on LinkedIn. Alcoa's first aerospace alloy, 2017-T4, is a critical material for building the historic USS Shenandoah rigid airship. Reynolds Metals created the first high-speed, gravure-printed foil, aluminum bottle labels, heat-sealed foil bags for foods and foil-laminated building insulation paper. Email notifications are only sent once a day, and only if there are new matching items. In 1994, a pact to scale back production in the next two years among the chief aluminum-producing nations helped Reynolds to achieve strong sales. He has also held major assignments in the GPP business, including Controller and Operational Excellence Director. 3 aluminum maker. Inc., the world's largest As part of this role, he oversaw the Alcoa Foundation, one of the largest corporate foundations in the U.S. During his Alcoa career, Roy has held a variety of operating and financial assignments across the U.S., Europe and Latin America. ALCOA absorbed the assets of Reynolds Metals in 2000, but the Massena plant remained operational until March 2014. Site by, Individual Residential Alternatives (IRA), Office of Emergency Management and Safety, Natural Resource Damage Assessment (NRDA), St. Lawrence River Area of Concern at Massena/Akwesasne, Alcoholism/Chemical Dependency Program (A/CDP), Let's Get Healthy - Diabetes Center for Excellence, Mental Health - Kanikonri:ihne (Good Mind Counseling), Home Improvement Supplement Program (HIP), USEPA Fourth Five-Year Review Report for Reynolds Metals Company - St. Lawrence County, NY - 2021, USEPA Third Five-Year Review Report for Reynolds Metals Company - St. Lawrence County, NY - 2016, USEPA Second Five-Year Review Report for Reynolds Metals Company, St. Lawrence County, NY - 2011, Explanation of Significant Differences for the Reynolds Metals Superfund Site (USEPA - 2008), Long Term Monitoring Report Conducted Post-Remedy (Arcadis 2010-2019), USEPA First Five-Year Review Report for Reynolds Metals Company - St. Lawrence County, NY - 2006, USEPA - Reynolds Metals Superfund website. You will be charged A WarnerMedia Company. Former Reynolds Metals site cleanup could begin in 2023; Northwest Alloys razes buildings to plan for development. 2 * McCook Metals L.L.C. Prior to assuming her current position in February 2023, Molly was Senior Vice President and Controller for Alcoa Corporation, responsible for the Financial Accounting, Financial Planning & Analysis, and Country Controllership teams from November 2019 to February 2023. Its a WrapFull-page advertisements celebrating the merger were placed in media outlets that would reach analysts, investors, shareholders and employees, including The New York Timesand The Wall Street Journal. He believed new aluminum-producing facilities would need to be built to meet demand. Cable News Network. In 1989 the company acquired an interest in the Fata European Group in Italy, a company with strong ties to and business experience in Eastern Bloc countries. Reynolds Group Holdings was a New Zealand based packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world.Reynolds Metals was acquired by Alcoa in June 2000. In 1924, U.S. Foil purchased the manufacturer of Eskimo Pies, which were wrapped in foil. The RMC facility was placed on the New York State Department of Environmental Conservation (NYSDEC) Registry of Inactive Hazardous Waste Sites in 1987. According to the SRMT, Akwesasne has a population of 12,400 people and covers a land area of approximately 16,640 square acres, which includes wetlands, agricultural land, woodlands, and light commercial development. United States of America, Executive Vice President and Chief Financial Officer, Executive Vice President and Chief Strategy & Innovation Officer, Executive Vice President and Chief External Affairs Officer, Executive Vice President and General Counsel, Executive Vice President and Chief Human Resources Officer, Executive Vice President and Chief Operations Officer, Executive Vice President and Chief Commercial Officer, Lauder Institute International MBA program. Prior to the separation of Alcoa Inc. into two separate companies in 2016, Renato was Assistant Treasurer of Alcoa. Copyright (c) 2022 Company-Histories.com. A small portion of the spooling operation from the Richmond Foil plant was moved to the Reynolds plant in Grove City, Pennsylvania, in early 2010. Alcoa conducts operations in 10 countries. This technology reduces carbon emissions, due to the lower use of disposal area, lower water accumulation and, consequently, lower energy consumption utilized for bauxite residue management. Prior to joining Alcoa, Tammi held various progressive HR roles with Basell Polyolefins and Network Rail. [10], In an initiative led by Paul D. Thomas, Reynolds Packaging Group chief executive officer and a former Alcoa executive, on September 21, 2008, Reynolds announced that one of the foil plants that produced Reynolds Wrap, in downtown Richmond, Virginia, would be closed and foil operations moved to Louisville, Kentucky, where Reynolds Wrap first was produced. Reynolds Metals Superfund Site (Alcoa East) The Reynolds Metals Corporation (RMC) Site includes a portion of the St. Lawrence River that borders the RMC facility, The recently-shuttered RMC aluminum production plant is located on the St. Lawrence River, approximately eight miles east of the village of Massena, New York. Tammi A. Jones is Executive Vice President and Chief Human Resources Officer for Alcoa Corporation, focusing on all aspects of human resource management, including talent and recruitment, compensation and benefits, training and development and labor relations. Today, the Hall-Hroult Process is the one method by which every aluminum producer in the world operates. One market that did show promise, though, was bridge deck replacement, and in 1996 Reynolds renovated the Corbin suspension bridge in Huntingdon County, Pennsylvania. In 1976 David P. Reynolds was its chairman; J. Louis and William G. Reynolds were board members; a cousin, A.D. Reynolds was a vice-president; and William G. Reynolds, Jr. was the company's treasurer. In 1928, Reynolds purchased Robertshaw Thermostat, Fulton Sylphon, and part of Beechnut Foil, adding them to U.S. Foil to create Reynolds Metals. Customer Service. Alcoa Corporation Taking his son, Richard S. Reynolds, Jr., with him as assistant to the president, the company settled in Richmond, Virginia. Renato was appointed Executive Vice President and Chief Strategy Officer in February 2022 and was previously Senior Vice President and Treasurer of Alcoa Corporation from November 2019 through January 2022. Reynolds Metals Company produces aluminum and aluminum foil products. Jeff graduated from Penn State University in 1988, with a degree in Quantitative Business Analysis, and earned a Master of Business Administration Degree from the University of Pittsburgh in 1989. You can sign up for additional alert options at any time. NSNfulfillment.com is a leading distributor of Alcoa Reynolds Metals Company hard-to-find NSN parts MS14287E037, military vehicles parts, ground effect vehicles, motor vehicles, trailers, aircraft tire and tubes parts and vehicular equipment and components. Chat Now Send Inquiry; . Reynolds Metals Company appeals from a class-certification order obtained by the plaintiffs in this case, who are former salaried employees of Reynolds ("the plaintiff employees"). 804-281-2000. As a leader in consumer aluminum recycling, Reynolds distributes aluminum and stainless steel mill products through a nationwide network of metal service centers. The PR industrys most comprehensive listing of firms from every region and specialty. In 1992, Reynolds sold its wire and cable operations, as well as its 84 percent interest in Eskimo Pie. In 1928, after buying back the stock he had sold to R.J. Reynolds to start U.S. Foil, R.S.
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