The separation was completed effective April 1, 2020. The new Arconic Corporation will be focused on rolled aluminium products and Howmet Aerospace on engineered products. and a new company, Arconic Corporation, would be set up and spun out tax free from Arconic Inc. announced that it would split into two separate businesses. In May 2023, Apollo Global Management agreed to acquire Arconic in an all-cash deal worth $5.2 billion, including debt. It trades on the NYSE under the ARNC ticker. The company focuses on turning aluminium and other lightweight metals into engineered products such as turbine blades for sectors including aerospace and automotive. was renamed Arconic Inc., keeping operations in aluminium rolling (excluding the Warrick operations), aluminium plate, precision castings, and aerospace and industrial fasteners. spun off its bauxite, alumina, and aluminium operations to a new company called Alcoa Corp. On August 18, 2023, private equity firm Apollo Global Management completed the acquisition of Arconic. Its products are used worldwide in aerospace, automotive, packaging, oil and gas, building and construction, defense, commercial transportation, consumer electronics, and industrial applications. Arconic Corporation is an American industrial company specializing in lightweight metals engineering and manufacturing.
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