Arconic Initiates Sale Process of BCS Unit, Includes Kawneer

Arconic announced today that it is seeking a new owner for its Building and Construction Systems (BCS) business, which includes Kawneer Co. Inc.

According to the company’s second quarter financial results released today, in January 2018 Arconic began reviewing its strategy and portfolio. It’s a part of that ongoing review that the company has initiated the sale process of its BCS business.

According to the announcement, the company is targeting completion of the strategic review in the third quarter 2018. Arconic’s Investor Day, which will include the output of the strategic review and associated actions, is expected to be held in November 2018.

In a letter sent to customers, Diana Perreiah, president, Arconic Building and Construction Systems, writes “Obviously, we are at the very beginning of the process, but I wanted to let you know that our commitment to you, our valued customer, remains unchanged by this news. For our team, it’s business as usual and we will continue our focus on delivering for our customers through continued investments, innovation and service.”

In 2016 Alcoa separated into two companies, with one company retaining the Alcoa name and the other—under which Kawneer operates—being called Arconic.

Stay tuned to USGNN.com ™ for updates as they are made available.

 

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4 Responses to Arconic Initiates Sale Process of BCS Unit, Includes Kawneer

  1. Glenn Smith says:

    Very interesting development. One would have thought that when Alcoa split off Kawneer into Arconic this would have stabilized the company and its future. Now Alcoa is at it again trying to sell Kawneer. The company is a shell of what it used to be. I am sure the suitor companies will be a mixed batch and who knows what the value will be established. The President of Kawneer sent out a canned statement that one would expect to be disseminated, to settle employees and customers, non the less everyone will wonder what will become of Kawneer.

    Let the games begin……………..

    • Terry says:

      I like your comment about the president, ahem…Mrs. Perreiah. I have been with Kawneer for over six years now. The management of this company from Alcoa to Arconic down to plant-level is abysmal. Sad that it happened in such a short period of time.

  2. don beaver says:

    this move has been obvious for years—same as when horsehead bought the chemical division which included amarlite …. and later aluminum shapes bought remains for pounds of aluminum
    I am sure kawneer with be purchased by competition and what started on the banks of the kaw river will not be the same

  3. I started in this industry with Kawneer, “back in the day”. Today, I have the distinction of being a Kawneer dealer as commercial glazing contractor. It would be a shame for Kawneer to be cut up, but there is certainly room for some improvement. You have to be concerned for the people that you know. Here’s hoping!

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