filed: august 10, 1946 aluminum and aluminum alloys in rolled, cast, extruded, and forged state owned by: reynolds metals company serial number: 71507218. reynolds pak. R.S. Alcoa's largest acquisition to date was in 2000, when it acquired Reynolds Metals for $4.5B. It's largest disclosed sale occurred in 2001, when it sold Cordant Technologies to Alliant Techsystems . Please contact us at [emailprotected], The Agency Within The Agency: Bringing Creative In-House, Ruder Finn Rallies Hispanic Groups To Improve Corporate/Latino Comms, IPG's DNA Freshens Brand To Reflect Global Growth, AMD Global Comms Review Moves Into Final Stages, PRovoke Media Announces Best Consultancies To Work For In EMEA 2023, Davos 2023: Four Key Takeaways For Communicators, Cannes: Ranking the 2022 Gold PR Lions Winners, Three Questions Agency Leaders Need To Be Able To Answer In 2022, "PR is about how organizations behave, not what they say", Employee Communications-Change Management, Financial Communications-Mergers & Acquisitions. Decided: May 10, 2001 Before NIEMEYER, MICHAEL, and MOTZ, Circuit Judges. As a fully integrated manufactuer, distributor, and marketer of primary and value-added fabricated aluminum products, the company operates 100 manufacturing facilities in 24 nations. 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. NEW YORK (CNNfn) - Alcoa Inc. Thursday won the battle to acquire Reynolds Metals Co. for $5.8 billion in stock and debt, but the war may be far from over. Gaines said the company earns profits by warehousing materials and transloading for nearby businesses. Today the company is the world's third largest aluminum and packaging company. Prior to merging with Alcoa in 2000, Reynolds Metal stood as the third largest aluminum company in the world, and wielded major brand recognition among consumers for its main foil product, Reynolds Wrap. In 2000, the plant was temporarily shut down. Reynolds Aluminum Supply Co. RASCO is a partner in MetalSpectrum, a metals e-commerce venture announced Tuesday that Alcoa also has a stake . In 1992, Reynolds sold its wire and cable operations, as well as its 84 percent interest in Eskimo Pie. Half the land will be preserved as open space. We are delighted that you'd like to resume your subscription. McCOOK METALS LLC v. Reynolds Metals Company, Party in Interest Reynolds Metals Company produces aluminum and aluminum foil products. In this role, Kelly is responsible for leading the commercial function including sales and trading, marketing, supply chain, commercial operations, and procurement. 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. The Company serves customers in the aluminum fabricating, packaging and consumer, commercial construction, distribution, and . The plant covered 80 acres, surrounded by 700 acres which was also owned by the Reynolds Metals Company. Prior to the separation of Alcoa Inc. into two companies, Molly was Director, Global Shared Services Strategy and Solutions. The company's entrance into the gold market, an unexpected upsurge in aluminum prices in the late 1980s, the company's continued commitment to the modernization of its production facilities, and the expansion of its consumer products division made Reynolds a solid, profitable enterprise with the ability to weather the cyclical nature of the aluminum business. [1][2], On January 21, 2008, Alcoa sold its consumer unit to Rank Group Ltd. Rank's owner, New Zealand billionaire Graeme Hart, renamed Alcoa's former unit the Reynolds Packaging Group. 482 (1978) REYNOLDS METALS COMPANY, a corporation, Plaintiff, v. ALUMINUM COMPANY OF AMERICA, a corporation, and National Can Corporation, a corporation, Defendants. [9], By 1991, Reynolds Metals employed 30,800 workers at more than 100 operations in 20 countries, including 64 plants in the United States, and had a total production capacity of more than 1 million tons of aluminum and aluminum products. With an unrivaled foundation of operational excellence, we've spent more than a century refining our processes to develop next-generation technologies that shape how we live, build, move and fly. Northwest Alloys. Reynolds Metals constructed and operated an aluminum smelter and cable mill on the Columbia River in Longview, WA from 1941-2001. 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. Reynolds Metals developed other, less well-known products; not all became commercially viable, such as an aluminum bus developed with Rohr Industries, a 12 foot aluminum utility boat, and other aluminum motor vehicles.,[6][7] The aluminum vehicles were surpassed in weight and cost by steel, plastics and fiberglass. The city of Cornwall, Ontario, is two miles north of the facility, and the . Prior to joining Alcoa, Kelly was with Vista Metals Corp, as the Vice President, Finance. The board of directors of Reynolds Metals Co. voted unanimously Sunday to reject Alcoa Inc.'s $5.6 billion offer for the company, but left itself open to a new bid from Alcoa or another suitor. 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. Morningstar: 2018 Find out what works well at Reynolds Metals/Alcoa from the people who know best. Union employees with fixed compensation contracts did receive incentive compensation. However, decline for beer beverage cans was continuing, and another can-making plant was closed in Fulton, New York. In 1947, the company released Reynolds Wrap Aluminum Foil. Reynolds Agrees to Takeover by Alcoa - Los Angeles Times Co., the world's third-largest aluminum company, in a $4.5 As Director of Marketing, she was responsible for global branding and leading the development of marketing communication strategies for Alcoas markets and businesses. Jeff joined Alcoa in 1998 as Associate Counsel in the company's Legal Department in Pittsburgh. Sonya is a member of the Alcoa Executive Team, which sets strategic direction for the Company. Get all the articles, experts, jobs, and insights you need. The Pittsburgh Reduction Company, eager to open new applications and enter new markets, enters the home cookware market with light, sturdy, no-rust teakettles. Four sons of founder Richard S. Reynolds, William G. Reynolds, Richard S. Reynolds Jr., David P. Reynolds, and J. Louis Reynolds, were all part of the running of the business. Alcoa wraps up Reynolds for $6B in cash and debt - Aug. 19, 1999 Today, the Hall-Hroult Process is the one method by which every aluminum producer in the world operates. All Rights Reserved.Terms Former Reynolds Metals site cleanup could begin in 2023; Northwest Reynolds Metals was acquired by Alcoa in June 2000. Reynolds Metals Company | Mesothelioma Lawyers Throneberry Law Group Reynolds rejects Alcoa - Aug. 15, 1999 - CNN Business She is responsible for the Companys finance functions, corporate development, and the global Information Technology and Automated Solutions functions. The Massena plant was an outgrowth of RMC's 1940 decision to become . From November 2016 to February 2023, Bill was Executive Vice President and Chief Financial Officer of the Company. Alcoa moved its global headquarters and principal executive office to its existing office location in Pittsburgh. I am very grateful for your help.-- Gary Biviano, VP/Lead on the Alcoa/Reynolds Merger Communications Team. She previously served as Director of Communications, Global Primary Products for Alcoa Inc., where she directed public affairs, media relations, crisis communication, and stakeholder engagement. You will be notified in advance of any changes in rate or terms. Renato is a member of the Alcoa Executive Team, which sets strategic direction for the Company. 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. Finally, we can read about how these great companies came about with Company Histories.. under which this service is provided to you. Fata, Reynolds, and a group of Soviet organizations began constructing a $200 million aluminum-foil plant in Siberia in the 1990s. Reynolds Wrap, the company's well-known household aluminum foil, was introduced in 1947. Renato joined Alcoa Inc. in 1997 in So Paulo (Brazil). The Reynolds Metal Company was a prominent American producer of aluminum, founded in 1919 by Richard S. Reynolds, Sr. alumina refineries. In 1993 Reynolds underwent a restructuring that included reducing alumina production and aluminum production by 21 percent, and sold its aluminum reclamation plant in Benton Harbor, Michigan. Earlier, Bill served as Chief Financial Officer of GPP. Though he failed in his effort to buy the company, losing out to metals giant Alcoa Inc., Lynch is back in the news again. The average employee at Reynolds Metals Company makes $53,535 per year. Natural Resource Damage Assessment and Restoration Program, Portland, OR | (503) 231-6179 | http://www.fws.gov/oregonfwo/, If you have any problems, suggestions, or comments about our website please notify DOINRDAR@ios.doi.gov. He also purchased strategic raw material for the Latin American smelters and refineries and was responsible for Latin America primary metal sales. He was 96 . NRD . Working At Reynolds Metals Company - Zippia You can cancel at any time. The smelter closed in 2001. All rights reserved. Alcoa announced an ambition to achieve net-zero greenhouse gas (GHG) emissions across its global operations by 2050. 7/21/1945. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2018 Alcoa works with Pittsburgh Brewing's iconic Iron City Beer brand to launch the first aluminum bottle to the North American beer industry. Reynolds Metals - Massena, New York | National Aluminum Production As of 1980, the company was recycling almost half the number of cans it produced. Reynolds closed the 1950s with a move to a new, modern corporate headquarters in suburban Richmond, Virginia. The A8's breakthrough is an all-aluminum space frame, designed and built with manufacturing techniques developed by Alcoa. Since 1952, Alcoa Foundation has invested more than $700 million in Alcoa communities and is one of the largest corporate foundations in the United States. More than 5 million people in 56 markets heard the news through the VNR broadcast. Alcoa bought the Reynolds Metals Co. and its Longview aluminum plant, located west of Longview, in 2000. Alcoa is selected as a component of the Dow Jones Sustainability Index, one of the most highly recognized and long-standing global sustainability indexes.
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