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Alcoa Acquires Remaining 50% Interest in A-CMI From Hayes Lemmerz PITTSBURGH, PA and NORTHVILLE, MI.--August 2, 1999--
Alcoa Inc. and Hayes Lemmerz International, Inc. announced today that
Alcoa has acquired the remaining 50% interest in A-CMI from Hayes
Lemmerz. A-CMI is a joint venture formed in 1995 between Alcoa and CMI
International to produce cast aluminum products for the automotive
industry. Hayes Lemmerz purchased CMI International in February 1999.
Terms of the purchase agreement were not disclosed.
A-CMI has operating locations in Kentucky, Michigan and Lista, Norway.
Current employment is approximately 900.
Alcoa is the world's leading producer of primary aluminum products,
fabricated aluminum products and alumina. The company serves customers
worldwide in the packaging, aerospace, construction and automotive
industries. Its automotive products include design and engineering of
lightweight structures as well as cast, extruded, forged and sheet
Hayes Lemmerz is one of the world's leading global suppliers of
automotive and commercial highway wheels, brakes, suspension, structural
and other lightweight components. The company has pro forma sales of
close to $2.5 billion with 40 plants, eight joint venture facilities and
15,000 employees worldwide.