Kaiser Aluminum looking for organic growth, complementary acquisitions

By Jennifer Lanning Drey

Portland, Ore., June 4 - Kaiser Aluminum Corp. is positioned for long-term organic growth, as well as to make acquisitions that would provide complementary products and categories of end users, Dan Rikenberger, its chief financial officer, said during a Friday presentation at the Sanford C. Bernstein Strategic Decisions Conference in New York.

"We have the financial strength and the flexibility to be able to bring these investment opportunities to fruition," Rikenberger said.

Kaiser's financial strengths include consistent cash flows, moderate leverage and significant tax attributes, he said.

"We've been running virtually debt free for the last five years," he said.

Rikenberger also noted that Kaiser's EBITDA has funded roughly $300 million of investment over the last few years.

Kaiser Aluminum, based in Foothill Ranch, Calif., is a producer of semi-fabricated specialty aluminum products.

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