Deals
Arconic to Sell Business Tied to London's Deadly Grenfell Blaze
- New CEO to unload construction unit under portfolio review
- Adjusted profit of 37 cents a share beat analysts’ estimates
This article is for subscribers only.
Arconic Inc. is getting out of the business that came under scrutiny last year for its connection to a deadly apartment blaze in London.
The manufacturer put its Building and Construction Systems unit up for sale as part of a broad portfolio review that should be completed in the next few months, Arconic said Tuesday as it reported second-quarter earnings. The business has about $1 billion of annual sales.