Alcoa to Acquire Traco
Alcoa plans to purchase Traco, the Cranberry, Pa.-based manufacturer of commercial windows and doors. Traco will become part of Alcoa's global Building and Construction Systems business, which also includes Kawneer, the manufacturer of architectural aluminum windows, curtain wall and storefront products and entrance systems. Terms of the deal were not disclosed.
"Traco's strong brand and product lines are well known throughout the commercial building market and we look forward to helping the brand continue to flourish," says Glen Morrison, president of Alcoa Building and Construction Systems, who will oversee the business. "The Traco portfolio of products and commitment to quality and customer service dovetails with Alcoa's focus on customers. Through this combination, we see many opportunities to grow our collective business through better service, more comprehensive product offerings and greater efficiency."
Traco, founded in 1943 as the Three Rivers Aluminum Co., employs 650 people at its 1-million-square-foot headquarters and manufacturing operation near Pittsburgh. The sale is expected to close in the third quarter of this year.
Alcoa Building and Construction Systems serves customers throughout North America, Europe, North Africa, Asia and the Middle East. It has 26 operating locations in nine countries.