Arconic Announces Divestiture of its Fusina, Italy Rolling Mill
NEW YORK–(BUSINESS WIRE)–Arconic Inc. (NYSE: ARNC) today announced the divestiture of its Fusina, Italy rolling mill to Slim Aluminium. The transaction follows a thorough review process and is part of Arconic Global Rolled Products’ (GRP) continued drive to convert the business from a commodity producer to a high-margin aerospace and automotive supplier. Arconic expects to record restructuring-related charges representing the loss on sale of approximately $60 million after tax, or $0.12 per d