Reynolds, Jr. was named the company's new president in 1948. In this role, he oversaw extensive restructuring of the upstream business with an emphasis on optimizing the groups centers of excellence (COEs), including the launch of the mining COE. He is also a Director of Alcoa Corporation. Reynolds's research had helped develop technology for the manufacture of aluminum automobile drive shafts and radiators. As a leading manufacturer of composite material, pre-painted heavy-gauge aluminum and bonded sheets, we define skylines all over the world with distinctive building faades. Alcoa Corporation
Cable News Network. Kristin Gaines, Western U.S. director of transformation for Alcoa, said she is hopeful cleanup will start in 2023, but the . Previously at Alcoa Inc., Bill served as Chief Operating Officer for Alcoa Global Primary Products (GPP) responsible for day-to-day operations of its five businesses mining, refining, smelting, casting and energy. The company recycles more cans than it produces. Do Not Sell, Acceptance of $5.8B offer may not end battle for No. 10/29/1941. Prior to the separation of Alcoa Inc. into two publicly-traded companies in 2016, Bill had been Executive Vice President and Chief Financial Officer, a position he assumed in 2013. In 1991 new products included a light-weight, stronger composite architectural panel metal for the construction industry. Reynolds Group Holdings is a New Zealand based packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world.Reynolds Metals was acquired by Alcoa in June 2000. Alcoa treats the SPL produced from its U.S. smelters at the Gum Springs, AR, hazardous waste treatment facility . In 2019, Renato completed the Advanced Management Program 196 at Harvard University. Kelly leads customer-focused commercial strategies across the bauxite, alumina, and aluminum markets, as well as Alcoas global procurement function. Messages focused on the strengths, histories and values of both companies, and included prepared articles for use in plant publications, to customizable letters for community leaders. Reynolds Metals pioneered the development of aluminum siding in 1945, and Richard S. Reynolds began predicting a growing demand for additional aluminum during peacetime. The Reynolds Metals Company opened its Massena aluminum reduction plant in 1958, on the bank of the St. Lawrence River, near the near the Massena-Cornwall International Bridge. Texas refinery. The entire project includes work on 57 poles, some of which have deteriorated, Dietz said. 201 Isabella Street
As Director of Marketing, she was responsible for global branding and leading the development of marketing communication strategies for Alcoas markets and businesses. We see them around but we don't know what goes on behind the scenes. More than 90% of all alloys currently used in the aerospace industry were developed by Alcoa research. 8/23/1967. Alumina, the basic ingredient used to produce aluminum, is Advertising. You may change your billing preferences at any time in the Customer Center or call Reynolds says that in December 1997, the federal government halted the sale of the Alloys facility to Alcoa. In 1938 R.S. The last tenant of the site was the proposed coal exporter Millennium Bulk Terminals. She currently serves on the Board of the Public Affairs Council and chairs the Government Affairs Committee for the US Aluminum Association. Alcoa's growing influence in the aluminum industry. Four sons of founder Richard S. Reynolds, William G. Reynolds, Richard S. Reynolds Jr., David P. Reynolds, and J. Louis Reynolds, were all part of the running of the business. In 1990 Reynolds recycled 438 million pounds of consumer-generated aluminum scrap, paying out $123 million to the recycling public. Influence 4 Infocom 1 [click on the rating for the method or on the number for the data] . Reynolds' Metals was acquired by Alcoa in 2000, and the 35-acre former headquarters campus and buildings were picked up by the University of Richmond in 2001 for a mere $8 million. The company also sold its 40 percent interest in Australia's Boddington Gold Mine, but was to exit the gold business altogether the next year. He believed new aluminum-producing facilities would need to be built to meet demand. Molly left Alcoa Inc. in 2012 to become Vice President, Finance and Administration for The Pittsburgh Foundation, a non-profit organization that works to improve the quality of life in the Pittsburgh region by evaluating and addressing community issues. Kristin Gaines, Western U.S. director of transformation for Alcoa, said she is hopeful cleanup will start in 2023, but . A century later, 2017-T4 is still used for aircraft sheet and plate. Long-form journalism that analyzes the issues, challenges and opportunities facing the PR business. McCook alleged that Alcoa interfered with McCook's customer contracts and prospective business advantage in violation of state law, that Alcoa monopolized the . [13] When Alcoa purchased Reynolds Metals, it shed some non-metals packaging and printing businesses but preserved the Reynolds consumer brand, as well as the Reynolds Kitchens, which are still across the street from the former Reynolds headquarters building. Controlling Company ALCOA CORPORATION Alternative Names. Audi is the first to use metal from our revolutionary technology that eliminates all direct carbon dioxide emissions from the traditional smelting process. Earlier, she served as Director, Organizational Effectiveness, developing comprehensive organizational change strategies to enable successful execution of the business strategy and change programs. Alcoa's largest acquisition to date was in 2000, when it acquired Reynolds Metals for $4.5B. Please subscribe to keep reading. Principal Operating Units: Packaging and Consumer Products; Construction and Distribution; Transportation; Metals and Carbon Products; Bauxite and Alumina; Cans. Kelly graduated from the University of Virginia, McIntire School of Commerce with a Bachelor of Science degree in commerce, concentration in Finance. 3 aluminum maker. The facility now known as Alcoa East was constructed in 1958 for the production of aluminum and closed in 2014. By 1988 Reynolds had cut the number of employees by one-third and reduced by almost 25 percent its production costs, reversing the drain on company profits. Prior to ERI, Kelly worked in the aluminum industry for fifteen years. History; Headquarters; Consumer products; References; Further reading; External links From November 2016 to February 2023, Bill was Executive Vice President and Chief Financial Officer of the Company. %%EOF
("McCook") commenced an action against Alcoa, Inc., a competitor of McCook in the manufacture and sale of commercial aircraft wing components, in the Northern District of Illi- nois.In that action, McCook alleged that Alcoa interfered with McCook's customer contracts and prospective business advantage in violation of state law, that Alcoa monopolized the relevant . Bill is a member of the Alcoa Executive Team, which sets strategy for the Company. . During the same year, Alcoa gains approval to globally market and sell sustainably produced products with certifications from the Aluminium Stewardship Initiative. An aluminum smelter and cable mill ran on the property for almost 60 years, leaving contaminants like fluoride and cyanide in the soil, the state says. Alcoa's bold $4.4 billion acquisition of Reynolds Metals, its chief rival for most of the 20 th century, delivered a powerful message to Wall Street and the company's worldwide workforce - the potent combination of Alcoa and Reynolds creates a stronger global competitor that is poised to achieve new levels of growth. Reynolds, nephew of the tabacco giant R. J. Reynolds, in Louisville, Kentucky. 482 (N.D. Ind. Sonya is a member of the Alcoa Executive Team, which sets strategic direction for the Company. The PR industrys most comprehensive listing of firms from every region and specialty. Saint Regis Mohawk Tribe (SRMT) tribal lands, known as Akwesasne (Land Where the Partridge Drums), are located to the east and Route 37 and the Grasse River are situated to the south and west, respectively. . Why Barnes & Noble Is Copying Local Bookstores It Once Threatened, What Floridas Dying Oranges Tell Us About How Commodity Markets Work, Alex Murdaugh Sentenced to Life in Prison, Watch: Retired Army Col. Paris Davis Awarded Medal of Honor. In tribute, Reynolds donated $1 million to Meals on Wheels. In 2007, he became plant manager for the San Ciprin smelter in Spain, and a year later he was named Director of Finance and Business Integration for GPP Europe. Alcoa successfully completes the installation of press filtration technology for bauxite residue at its Poos de Caldas refinery in Brazil. Video Vision Camera crews filmed Day One events, enabling Ketchum to generate managed media coverage and produce a merger video that was distributed for employee screenings.Its a WrapFull-page advertisements celebrating the merger were placed in media outlets that would reach analysts, investors, shareholders and employees, including The New York Timesand The Wall Street Journal. Washington State Department of Ecology spokesman Dave Bennett said the U.S. Army Corps of Engineers could OK cleanup permits in the next few months to clear contaminated soil at Northwest Alloys, the former Reynolds Metals site. In 1935 Reynolds developed a method of printing on aluminum foil, employing the rotogravure process, which enabled the company to expand quickly into other aluminum foil packaging markets. The site received 20,702 total hits, registering orders for or downloads of more than 10,000 brochures, 3,700 wallet cards, 2,700 posters, 47 printer-ready CDs in 11 different languages, and 200 employee videos. Molly obtained a BS degree in Business Administration, Accounting from Duquesne University in Pittsburgh. NSNfulfillment.com is owned and operated by ASAP Semiconductor, an AS9120B, ISO 9001: . Prior to the separation of Alcoa Inc. into two separate companies, he was Executive Vice President and President of Alcoa's Global Primary Products (GPP) business from October 2015 to November 2016. Presto produced a full range of plastic bags and wraps for both indoor and outdoor use, including freezer, sandwich, and food storage bags, along with a line of moist paper tissues and cotton swabs. 00-1333. U.S. v. Alcoa and Reynolds Metals. It's largest disclosed sale occurred in 2001, when it sold Cordant Technologies to Alliant Techsystems . Earlier, Bill served as Chief Financial Officer of GPP. With the demand for lighter, more fuel-efficient automobiles, the use of aluminum in U.S. cars was expected to rise during the 1990s. The company began producing aluminum foil for packaging in 1926. Objective 1 - Deliver timely, accurate information to employees through 300 key communicators Key communicators visited the Intranet site during 562 user sessions double the objective. 1 Pullman in State semifinals, High School Boys Basketball History: Kobe Parlin sets all-time scoring record for Mark Morris in State quarterfinal win, Renewable fuel faces uncertain future in northern Oregon, Pacific Northwest, NORPAC, WestRock, Castle Rock developers talk updates, Former NFL star Chad Johnson says he saved money by living inside Cincinnati Bengals stadium for 2 years, Talking Business: The Cook's Creations brings treats to Three Rivers Mall, Port finalizes $9M purchase of Skyline Steel building, amends Omega Morgan lease. In 1981, the company expanded its recycling capacity with two more facilities. The plant covered 80 acres, surrounded by 700 acres which was also owned by the Reynolds Metals Company. Prior to this role, he served as Chief Financial Officer, GPP. Today, we are the right company at the right time. Reflecting heat and keeping foods cooler and fresher, Alcoa introduces aluminum foil to America. As Reynolds Metals entered the 1990s, the company was in the best financial condition in its history. Kelly began her aluminum career at Reynolds . Alcoa purchased Reynolds in 2000 and briefly reopened, then announced in February 2002, that . NRD . Later, the company produced aluminum vehicle parts and hull submarines. Reynolds Group Holdings is an American packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world. hUK0+>VvIJJC UAzaxO}&db2j& )y:@{|=2Y$mWv1GyV ;yFvgb ,_c&OdgWl3L/9m6-UYicTIF`(* g`2dPnN-|j6o#}H 9 hO. Featuring an all-aluminum exterior and many other innovative architectural elements, the Alcoa Building in Downtown Pittsburgh is completed. As Assistant General Counsel, Jeff was responsible for the management and integration of the international legal functions of the company in Russia, China, Europe, Australia and Latin America. Alcoa Recycling Company is incorporated to support the companys goal of enhancing sustainability by increasing its recycling activity. In addition to responsibility for global treasury activities, Renato also had accountability for Alcoas Corporate Development function, which included evaluating the best uses of the companys capital, sourcing and executing transactions on acquisitions, divestitures and joint ventures. REYNOLDS METALS COMPANY FOUNDATION (Delaware (US), 24 Jul 1978 - ) REYNOLDS METALS COMPANY, LLC (Delaware (US), 18 Jul 1928 - ) Please enable targeting cookies to watch videos. In 1993, RMC and NYSDEC signed a Consent Order that required RMC to implement the remedy in the ROD. Prior to the separation of Alcoa Inc. into two companies, Molly was Director, Global Shared Services Strategy and Solutions. You did a masterful job of coordinating this project and have been a major contributor throughout. Alcoa is an international aluminum company with operations in multiple countries and U.S . Renato is a member of the Alcoa Executive Team, which sets strategic direction for the Company. The beverage can with the stay-on, pull-top tab was well received in 1975. Wiki User 2008-09-19 16 . At one time, the plant employed more than 300 .
804-281-2000. Already a member? Jeff is a member of Alcoas Executive Team, which sets strategy for the Company. Reynolds/Alcoa will begin negotiations for consent decree with EPA and DEQ in January 2007. Alcoa bought the Reynolds Metals Co. and its Longview aluminum plant, located west of Longview, in 2000. Prior to assuming this role, Jeff was Group Counsel for Alcoa Global Primary Products from 2010 to 2014. He said work could begin next spring and crews would need two dry seasons to complete the cleanup. At Alcoa, we promise to treat your data with respect and will not share your information with any third party. This business is working in the following industry: Manufacture of minerals and metals. After spending several years in the tobacco business working for his uncle, R.S. 13% of Reynolds Metals Company employees are Black or African American. Sign up for our newsletter to keep reading. In 1940 Reynolds Metals began mining bauxite (aluminum ore) in Bauxite, Arkansas and opened its first aluminum plant near Sheffield, Alabama, the following year. The company was acquired by Alcoa on May 3, 2000 to become the largest aluminum company in the United States. The facility has been an active aluminum production plant since 1958. Portions of the site were contaminated by these activities. Working with his sister Julia in a shed attached to the family home in Oberlin, Ohio, chemistry student Charles Martin Hall discovers a way to produce aluminum through electrolysis that drastically reduces its cost. The company is first incorporated as The Pittsburgh Reduction Company and opens a pilot production facility on Smallman Street. In 2010, he was named Corporate Finance Manager in Sao Paulo, leading the corporate controllership, corporate treasury, capital expenditure and internal control areas for Latin America and Caribbean region. Even with smaller cans, recycling them and other aluminum products was achieving record levels. They downloaded fact sheets, newsletter articles, and employee benefits Q&A to help them communicate to employees.World-Class Materials Ketchum developed a special edition box of Reynolds Wrap Aluminum Foil, posters, brochures, a wallet card and advertisements to commemorate the event. In addition to its capital investment program, the company expanded its research-and-development efforts. Alcoa announced an ambition to achieve net-zero greenhouse gas (GHG) emissions across its global operations by 2050. The Personal Touch A whirlwind three-stop Day One tour by top executives, who met with hundreds of employees at Alcoas headquarters in Pittsburgh, Pa., at the Reynolds Metals HQ in Richmond, Va., and at Reynolds facility in Massena, N.Y. The Company serves customers in the aluminum fabricating, packaging and consumer, commercial construction, distribution, and . Factset: FactSet Research Systems Inc. 2018. In this capacity, he has advised on a variety of acquisition, divestiture and greenfield development projects, including the divestiture of the global Alcoa World Chemicals business segment, and the negotiation of development projects with the governments of Iceland, Ghana and Suriname. Our strategic priorities of Reduce Complexity, Drive Returns and Advance Sustainably have made Alcoa a strong company, allowing us to succeed throughout the commodity cycles and innovate for a sustainable future. Hart merged his other packaging companies into Reynolds to create Reynolds Group Holdings. That company went on to be known as Alcoa. Aluminum is an essential element in powering a global, sustainable economy. World-Class Materials Ketchum developed a special edition box of Reynolds Wrap Aluminum Foil, posters, brochures, a wallet card and advertisements to commemorate the event. Reynolds invested more than $400 million in Alabama to ensure its position as a world-class producer of aluminum-can stock and can-end stock. As a fully integrated manufactuer, distributor, and marketer of primary and value-added fabricated aluminum products, the company operates 100 manufacturing facilities in 24 nations. Reynolds, Jr. brought in a financial consulting firm to streamline operations. learn how over 7,000 companies got started! hb```f``d$30 P(q4$@6gFU+ Sonya Elam Harden is Executive Vice President and Chief External Affairs Officer for Alcoa Corporation. Total cost is only $ 299.00. Reproduction in whole or in part in
Metals Company History: The largest aluminum manufacturer in the world, Alcoa Inc. produces aluminum and alumina for automotive, aerospace, commercial transportation, construction, packaging, and other markets. Phone: (518) 358-2272 Fax: (518) 358-3203, Saint Regis Mohawk Health Service Reynolds also produces plastic products which are primarily used in its packaging and consumer products businesses. In 1975 the company's assets in Guyana were nationalized and Reynolds was forced to settle for a $10 million payment for its Guyanese holdings. Uncover why Reynolds Metals/Alcoa is the best company for you. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology . Messages focused on the strengths, histories and values of both companies, and included prepared articles for use in plant publications, to customizable letters for community leaders. These ads were available to key communicators via the Intranet site for use in local newspapers in the communities where Alcoa and Reynolds Metals plants are located. Aluminum bottles are unbreakable, keep beer colder longer, look better and recycle better than glass containers. Reynolds, Jr. was named the company's new president in 1948. Most stock quote data provided by BATS. Reynolds Metals Company appeals from a class-certification order obtained by the plaintiffs in this case, who are former salaried employees of Reynolds ("the plaintiff employees"). NATURE OF THE ACTION . 12/31/1982. William F. (Bill) Oplinger is Executive Vice President and Chief Operations Officer of Alcoa, responsible for the daily operations of the Companys global bauxite, alumina, and aluminum assets. Molly is a seasoned financial executive having worked in strategic positions that require a combination of technical accounting, process improvement and technology expertise. Reynolds recognized the advantages of using lighter-weight, less-expensive aluminum foil. billion deal. Cowlitz County Public Utility District spokeswoman Alice Dietz said crews are currently replacing a line from the Bonneville Power Administrations Longview substation to Nippon Dynawave Packagings substation. The latter site was selected because the Reynolds plant plays an important role in the community of Massena and its economy. Around the same time, the same process is discovered by chemist Paul T. Hroult of France, and it comes to be known as the Hall-Hroult Process. The company also acquired a bauxite mining operation in Arkansas to help feed the smelters. Get up-to-the-minute news sent straight to your device. Reynolds Metals created the first high-speed, gravure-printed foil, aluminum bottle labels, heat-sealed foil bags for foods and foil-laminated building insulation paper. Reynolds Aluminum Supply Co. RASCO is a partner in MetalSpectrum, a metals e-commerce venture announced Tuesday that Alcoa also has a stake . You can enable targeting cookies on our Cookie Policy page. 19 advertisements in local newspapers delivered messages to residents in plant communities. Around this time, 30,000 workers were employed by Reynolds Metals. Employee concerns and questions were anticipated and answered by key communicators or via e-mail. . The smelter closed in 2001. In 2010, he received the Chartered Financial Analyst designation from CFA Institute. Tammi is also a member of the Alcoa Executive Team, responsible for setting the strategic direction for the Company. Alcoa (F/K/A Reynolds Metals) Los Angeles. NEW YORK (CNNfn) - Alcoa Inc. Thursday won the battle to acquire Reynolds Metals Co. for $5.8 billion in stock and debt, but the war may be far from over. You can sign up for additional alert options at any time. Prior to assuming her current position in February 2023, Molly was Senior Vice President and Controller for Alcoa Corporation, responsible for the Financial Accounting, Financial Planning & Analysis, and Country Controllership teams from November 2019 to February 2023. To opt-in for investor email alerts, please enter your email address in the field and select at least one alert option. Since 1952, Alcoa Foundation has invested more than $700 million in Alcoa communities and is one of the largest corporate foundations in the United States. Prior to joining Alcoa, Kelly was with Vista Metals Corp, as the Vice President, Finance. Prior to that, Kelly was Vice President and Treasurer from 2011 to 2012 and started with Aleris in 2010 as Vice President of Global Risk Management in Zurich, Switzerland where she was responsible for managing and executing all aluminum and copper hedging on the London Metal Exchange (LME). Thatcher Trucking Co. Tanker Truck Accident Hydrochloric Acid Spill, Brio Refining Inc. and Dixie Oil Processors Inc. NPL Sites, Chevron/Former Gulf Oil Refinery Port Arthur Waste Site, Wayne Reclamation & Recycling/Wayne Waste Oil Site. She also oversees the Alcoa Foundation. The work is not part of the state-requested cleanup of contaminated soil, which officials say could begin next spring. She returned to Alcoa Inc. in 2001 as Director of Marketing Communications for Alcoa Fujikura Ltd. and oversaw branding, advertising and promotion. I am very grateful for your help.-- Gary Biviano, VP/Lead on the Alcoa/Reynolds Merger Communications Team. Alcoa charters a new development organization: Alcoa Foundation. Before coming to Alcoa, Roy was Corporate Manager of Environmental Affairs at Greenstone Resources Ltd., a gold mining company based in Central America. Get the latest local business news delivered FREE to your inbox weekly. Taking his son, Richard S. Reynolds, Jr., with him as assistant to the president, the company settled in Richmond, Virginia. 673 0 obj
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He was 96 . Reynolds Metals Company produces aluminum and aluminum foil products. David P. Reynolds, a metals manufacturing executive who helped bring aluminum foil and aluminum beverage cans into the American kitchen, died on Monday in Richmond, Va. Decided: May 10, 2001 Before NIEMEYER, MICHAEL, and MOTZ, Circuit Judges. 12/31/1982. More than 5 million people in 56 markets heard the news through the VNR broadcast. The company was originally founded to produce foil for cigarette packaging. The newly purchased Reynolds plant in Kentucky, however, was all on one floor, at ground level. In addition, Bill previously held key corporate financial positions in Financial Analysis & Planning and as Director of Investor Relations. . The company was founded by R.S. Several members brought Reynolds Metals Company memorabilia to share with attendees. 1919 - 2000. We are delighted that you'd like to resume your subscription. Principal Subsidiaries: Reynolds Metals Development Company; Southern Reclamation Company; Reynolds Consumer Products, Inc.; Reynolds International Inc. He earned a bachelors degree in Industrial Engineering and Operations Research from Virginia Tech and a Master of Science with honors in Industrial Administration from Carnegie Mellon University. [1][2], On January 21, 2008, Alcoa sold its consumer unit to Rank Group Ltd. Rank's owner, New Zealand billionaire Graeme Hart, renamed Alcoa's former unit the Reynolds Packaging Group. Reynolds then embarked on a capital-improvements program that involved the expenditure of billions of dollars and the shutting down of some of the company's less-profitable operations. Alcoa forms a joint venture known as ELYSISTM to commercialize a revolutionary smelting technology that Alcoa invented that eliminates all greenhouse gas emissions, instead producing pure oxygen. [14], Last edited on 13 February 2023, at 05:05, Reynolds Metals Company International Headquarters, "European Commission OKs Alcoa-Reynolds deal", "Pactiv Evergreen Inc. (Currently Known as Reynolds Group Holdings Limited) Announces Launch of Initial Public Offering", "Wrapping Aluminum at the Reynolds Metals Company", "National Register of Historic Places: Reynolds Metals Company International Headquarters", National Register properties in Henrico County, VA, "How a Downington Printing Plan Failed after 50 Years", "Reynolds shakes off market jitters with year's first big IPO", Opportunity in Crisis: The Reynolds Metals Story, https://www.reynoldsconsumerproducts.com/, Referenceforbusiness.com: History of the Reynolds Metals Company, https://en.wikipedia.org/w/index.php?title=Reynolds_Group_Holdings&oldid=1139065650, This page was last edited on 13 February 2023, at 05:05. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Millennium parent company files for Chapter 11, Columbia River site land goes back to Alcoa, State report lists wide price range for cleanup of former Reynolds site, Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, UPDATE: Owner of Longview's Grant's at the Monticello Hotel dies, KFC is bringing back a fan favorite after a nearly 10-year hiatus, UPDATE: Grant Hadler's death ruled a homicide; Kelso man arrested on suspicion of manslaughter, Police detain man reportedly threatening to jump off Lewis and Clark Bridge, Body found in river near Castle Rock identified, 2A High School Boys Basketball: Mark Morris going hardware shopping at State after dropping Sehome, Kelso man dies weeks after Lewis River Road accident, Cowlitz County Jail sees more serious suspected offenders, fights in 2023, High School Boys Basketball State Preview: Mark Morris, R.A. Long could play for a State championship, 2A High School Boys Basketball: Gray gets hot, helps Mark Morris over No. Alcoa expands the Sustana line of products with the introduction of EcoSource, the industrys first low-carbon, smelter-grade alumina brand. Just hours after three foreign rivals announced a $9 billion deal to form the world's largest aluminum company, industry leader Alcoa Inc. went public with an offer to buy Richmond-based Reynolds .