SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 26, 1994
REYNOLDS METALS COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-1430 54-0355135
(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
6601 West Broad Street
P. O. Box 27003
Richmond, Virginia 23261-7003
(Address of Principal Executive Offices,
including zip code)
(804) 281-2000
(Registrant's Telephone Number, including area code)
<PAGE>
Item 5. Other Events.
On August 26, 1994, the registrant:
1. announced that it has retained Chemical Securities Inc. to
assist it with the possible divestment of its remaining gold
mining assets in Australia. See the press release attached
hereto as Exhibit 99.1 and incorporated herein by reference.
2. completed the purchase of the metals distribution business
of Alumax Inc.'s wholly owned subsidiary, Prime Metals, Inc.
See the press release attached hereto as Exhibit 99.2 and
incorporated herein by reference.
3. issued a press release stating that it has been notified it
will receive a civil investigative demand from the U.S.
Department of Justice relating to production of primary
aluminum. The registrant said it will cooperate with the
inquiry and is confident that its conduct has been in
compliance with U.S. antitrust laws. See the press release
attached hereto as Exhibit 99.3 and incorporated herein by
reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits.
Exhibit 99.1 Press release dated August 26, 1994
Exhibit 99.2 Press release dated August 26, 1994
Exhibit 99.3 Press release dated August 26, 1994
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
REYNOLDS METALS COMPANY
By: D. Michael Jones
D. Michael Jones
Vice President, General
Counsel and Secretary
Dated: August 29, 1994
<PAGE>
INDEX TO EXHIBITS
EXHIBIT SEQUENTIAL
NO. DESCRIPTION OF EXHIBIT PAGE NO.
99.1 Press release dated August 26, 1994 _____
99.2 Press release dated August 26, 1994 _____
99.3 Press release dated August 26, 1994 _____
EXHIBIT 99.1
NEWS FROM:
REYNOLDS METALS COMPANY and CHEMICAL SECURITIES INC.
Public Relations Staff Mergers & Acquisitions Dept.
Richmond, VA 23261 New York, NY 10017-2070
CONTACT: R. Terry Olbrysh CONTACT: Peter Olnowich
Telephone: (804) 281-2258 Tel: (212) 270-4879
Home: (804) 560-3267 CONTACT: Jim Bold
Tel: (212) 270-3710
FOR IMMEDIATE RELEASE:
August 26, 1994
REYNOLDS METALS CONSIDERS SALE OF REMAINING GOLD ASSETS
RICHMOND, Va. -- Reynolds Metals Company (NYSE & CHX: RLM) today
announced it has retained Chemical Securities Inc. to assist the company
with the possible divestment of its remaining gold mining assets in
Australia.
The assets include mines in the Marvel Loch and Southern Cross areas,
the Mt. Gibson mine near Dalwallinu, all in Western Australia, and
exploration activities under way in Western Australia and the Northern
Territory. The mines produced approximately 210,000 ounces of gold for
Reynolds account in 1993 and 103,000 ounces for the first half of 1994.
The operations are managed by Reynolds Australian Gold Operations Ltd.,
based in Perth.
In July of this year, Reynolds completed the sale of Reynolds
Australia Metals, Ltd., which held a 40 percent in the Boddington Gold Mine
in Western Australia, to PosGold (BGM) Pty Ltd., a subsidiary of Poseidon
Gold Limited.
# # #
C08-2694-RTO
EXHIBIT 99.2
NEWS FROM:
REYNOLDS METALS COMPANY
Public Relations Staff
Richmond, VA 23261-7002
CONTACT: Drew Lybrook
Telephone: (804) 281-2965
Home: (804) 360-5736
FOR IMMEDIATE RELEASE:
August 26, 1994
REYNOLDS METALS COMPANY COMPLETES PURCHASE
OF ALUMAX INC. METALS DISTRIBUTION BUSINESS
RICHMOND, Va. -- Reynolds Metals Company (NYSE & CHX: RLM) said today
that it has completed the purchase of the metals distribution business of
Alumax Inc.'s (NYSE: AMX) wholly owned subsidiary, Prime Metals, Inc. The
two companies announced the proposed transaction in June. Terms of the
sale were not disclosed.
Prime Metals distributed aluminum and stainless steel mill products
through six facilities located in Atlanta; Dallas; Cleveland; Detroit and
Grand Rapids, Mich.; and Kansas City, Mo.
Reynolds intends to operate the business as part of its Reynolds
Aluminum Supply Company (RASCO) division, which is the largest aluminum
distributor in the country with 24 locations nationwide. The company also
processes and distributes stainless steel and nickel-alloy mill products.
"With its strong customer focus in the transportation, construction,
food preparation and consumer durables markets, we believe Prime Metals
will complement RASCO's strengths," said John F. Rudin, RASCO's president
and general manager. "This purchase allows us to broaden our quality
processing and service capabilities, our customer base and the geographic
scope of our operations."
# # #
RA08-2694-AML
EXHIBIT 99.3
NEWS FROM:
REYNOLDS METALS COMPANY
Public Relations Staff
Richmond, VA 23261
CONTACT: Drew Lybrook
Telephone: (804) 281-2965
Home: (804) 360-5736
FOR IMMEDIATE RELEASE:
August 26, 1994
RICHMOND, Va. -- Reynolds Metals Company (NYSE & CHX: RLM) reported
today that it has been notified it will receive a civil investigative
demand from the U. S. Department of Justice relating to production of
primary aluminum. The company said it will cooperate with the inquiry and
is confident that its conduct has been in compliance with U.S. antitrust
laws.
# # #
CO8-2694-AML
