Alcoa has completed a £1.7bn takeover of Sheffield aerospace components company Firth Rixson - and to celebrate handed more than £40,000 to good causes.
The US metals giant announced in June it was buying the historic Sheffield company from a US private equity house.
It has now taken on Firth Rixson’s 2,400 employees across 12 factories worldwide, including four in Sheffield.
To mark the occasion, the Alcoa Foundation announced a total of £41,000 in grants to three non-profit organisations .
Sheffield University’s Engineering Department will receive £9,500 to support students with equipment, events and industry placements.
The students, mainly from the Department of Materials Science and Engineering, will be chosen through a competitive process.
Workwise, an industry-funded scheme that prepares young people for engineering and manufacturing jobs, will also receive £9,500.
It will pay for 30 to go on a work experience scheme.
Jackie Freeborn, senior associate at Workwise said: “We are incredibly grateful for the grant we have received.
“It will enable 30 young people to find jobs and apprenticeships in local industries.”
Finally, £22,000 will be handed to The Children’s Hospital Charity’s Make it Better appeal to help pay for a new hospital wing.
Scott Hudson, of the Alcoa Foundation, said: “These dedicated nonprofit organisations continue to positively impact the youth in Sheffield, and we are proud to work with them to strengthen their efforts.”
Alcoa was one of the pioneers of the aluminium industry more than 125 years ago.
Today it employs 62,000 people in 30 countries and is a global leader in lightweight metals technology.
Its foundation was established 62 years ago and since 2000 it has invested more than £2.4m in the UK, partnering with non-profit organisations to address community development.