Kaiser Aluminum acquires assets of Alexco

Kaiser Aluminum Corporation has acquired substantially all of the assets of Alexco, LLC. Both the companies are based in the US.

Kaiser Aluminum is a producer of fabricated aluminum products, while Alexco is a manufacturer of hard alloy extrusions for the aerospace industry.

The purchase became effective on January 1, 2011.

Announcement （October 13, 2010）:

Kaiser Aluminum has entered into a definitive agreement to acquire substantially all of the assets of Alexco for approximately $90 million in cash.

Jones Day is acting as legal advisor to Kaiser. The transaction is anticipated to close in December, 2010.