© 2024 WVIK
Listen at 90.3 FM and 98.3 FM in the Quad Cities, 95.9 FM in Dubuque, or on the WVIK app!
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Arconic Stops Looking for a Buyer

A stretcher at the Davenport Works (file)

Arconic is not for sale anymore. The company made the announcement in a press release this morning.

Arconic says it was considering a sale over the past year but didn't receive any offers that were in the best interest of shareholders. 

Black background with a turquoise line drawing of a box that looks 3D, with words under it, Arconic. Innovation, engineered.
Credit submitted / http://www.Alcoa.com

The board of directors and managers were in the process of reviewing the company's strategy and finances.

It also says the sale of one part of Arconic will proceed. That's the Building and Construction Systems business. 

The company was created three years ago after Alcoa split into two companies. Arconic makes aluminum parts for the aviation and automotive industries. Arconic's Davenport Works plant in Riverdale, Iowa employs around 2,000 people.

Officially, Michelle's title for 28 years was WVIK News Editor. She did everything there is to do in the newsroom and whatever was needed around the radio station. She also served as Acting News Director from September 2023 - January 2024.
Related Content
  • Community
    Arconic will invest more money in its Davenport Works plant. The aerospace and industrial company plans to install a horizontal heat treat furnace. It…
  • Community
    Thanks to workers at a Quad Cities factory, hundreds of families will eat well during the holidays. Thursday night employees of the Arconic plant in…