McDermott Advises Kaiser Aluminum Corporation on Alcoa Warrick Acquisition


International law firm McDermott Will & Emery represented Kaiser Aluminum Corporation (NASDAQ:KALU) in its definitive agreement to purchase Alcoa Warrick LLC, containing all the assets of the Warrick Rolling Mill (Warrick), from Alcoa Corporation for a purchase price of $670 million. Warrick has a leading position in the North American aluminum packaging industry and the facility includes casting, significant hot and cold rolling capacity and a range of finishing and coating lines.

The transaction provides Kaiser Aluminum entry into the North American aluminum packaging industry. Alcoa will retain ownership of the related smelting assets, power plant and land. As part of the transaction, Kaiser Aluminum will enter into a market based molten aluminum supply agreement, and a long-term ground lease that includes provisions for utility services and will have customary transition services.

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