Who Owns Alcoa Wheels?
Alcoa Wheels is owned by Howmet Aerospace Inc. (NYSE: HWM), a publicly traded American aerospace and industrial company headquartered in Pittsburgh, Pennsylvania. Alcoa Wheels became part of Howmet Aerospace on April 1, 2020, when Howmet was separated from Arconic Inc. The brand manufactures forged aluminum wheels for heavy trucks and commercial transportation and claims the largest market share in North American aluminum truck wheels.
Parent Company
Howmet Aerospace Inc.
Founded
1920
Status
Publicly Traded
Headquarters
Pittsburgh, Pennsylvania, USA
Who Owns Alcoa Wheels?
- Parent Company: Howmet Aerospace Inc.
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NYSE: HWM
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Alcoa Wheels | Howmet Aerospace Inc. | Wholly owned |
History of Alcoa Wheels
- Founded: 1920
- Founders:
The Alcoa Wheels brand traces its operational history to aluminum wheel development work that Alcoa Inc. began in the first half of the 20th century. Forged aluminum wheels for heavy commercial vehicles became commercially viable in the mid-20th century, when Alcoa developed forging and alloy processes that could produce wheels strong enough for truck axle loads at weights substantially below equivalent steel wheels. The weight savings, typically 40 to 50 percent lighter per wheel than steel, became the central commercial proposition.
Through the second half of the 20th century, Alcoa Wheels grew into the dominant supplier of aluminum truck wheels in North America. The brand name became so well known in the trucking industry that fleet operators and drivers would request "Alcoa" wheels by name, a brand recognition pattern unusual for an industrial component. This was driven by the brand's Dura-Bright surface treatment and later by the Ultra ONE and LvL ONE wheel lines.
The 2016 Alcoa Inc. separation created Arconic Inc. as the entity holding the Alcoa Wheels business. In 2020, the Arconic separation created Howmet Aerospace, which took the Forged Wheels business into its portfolio. Through each corporate restructuring, the Alcoa Wheels brand name and product lines were retained under license agreements that allow Howmet Aerospace to continue using the Alcoa trade name for these products despite the brand now being commercially unconnected to Alcoa Corp.
As of May 2025, Alcoa Wheels continues to operate manufacturing plants on four continents and supplies forged aluminum wheels to major commercial vehicle OEMs including Freightliner, Peterbilt, Kenworth, Volvo Trucks, and Daimler Trucks. The brand's primary wheel lines include Ultra ONE, LvL ONE, and Dura-Bright-treated wheels.
About Howmet Aerospace Inc.
Who owns Howmet Aerospace?
Howmet Aerospace is a publicly traded company listed on NYSE (HWM) and owned by institutional investors, mutual funds, and individual shareholders. The company has no controlling shareholder and operates independently.
Is Howmet Aerospace publicly traded?
Yes, Howmet Aerospace is publicly traded on the New York Stock Exchange under ticker HWM.
What does Howmet Aerospace manufacture?
Howmet Aerospace manufactures jet engine components (turbine blades, vanes, rings), aerospace fastening systems, titanium airframe structures, and forged aluminum wheels for commercial transportation.
What is Howmet Aerospace's revenue?
In FY2024, Howmet Aerospace reported revenues of approximately $7.4 billion, up approximately 12% year-over-year, driven by strong commercial aerospace demand.
When was Howmet Aerospace founded?
Howmet's roots trace back to 1926 when Austenal was founded. The company became Howmet in 1965 and was renamed Howmet Aerospace Inc. in 2020 following its separation from Arconic Inc.
What is the CAM acquisition?
In December 2025, Howmet Aerospace announced an agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion. CAM manufactures aerospace fasteners and structural components, and the acquisition is expected to strengthen Howmet's fastening systems business.
- Founded: 1926
- Headquarters: Pittsburgh, Pennsylvania, USA
- Company Type: Publicly Traded
- Stock: NYSE: HWM
- Revenue: approximately $7.4 billion (FY2024)
- Employees: Approximately 22,000
Where Is Alcoa Wheels Made / Based?
- Headquarters: Pittsburgh, Pennsylvania, USA
- Manufacturing / Operations: United States, Canada, Mexico, France, Hungary, Brazil, China, Japan
Alcoa Wheels Sustainability & Ethics
Howmet Aerospace publishes an annual sustainability report that covers the Forged Wheels segment. The report documents energy consumption, greenhouse gas emissions, water use, and waste data by facility.
A peer-reviewed life cycle assessment study, conducted by PE International and Five Winds Strategic Consulting to ISO 14044 methodology and peer-reviewed by researchers at Technische Universitat Berlin and the University of Michigan, found that replacing 18 steel truck wheels with Alcoa aluminum wheels reduces lifecycle carbon emissions by approximately 16.3 metric tons in North America and 13.3 metric tons in Europe. This reduction comes from fuel savings during vehicle operation rather than from manufacturing differences.
Howmet Aerospace's Barberton, Ohio, plant recycles approximately 100 million pounds of aluminum per year following its 2018 expansion. The Barberton expansion reduced energy used per unit of recycled aluminum by approximately 50% compared to prior processes.
Howmet Aerospace has not been certified as a B Corp as of May 2025. The company does not hold organic or fair trade certifications, which are not applicable to industrial manufacturing operations.
Awards & Recognition
Alcoa's LvL ONE wide-base aluminum wheel was named a Top 5 Product of 2010 by the Heavy Duty Aftermarket Journal. The journal cited innovation, end-user value, performance improvement, and distributor opportunity as criteria.
Alcoa Wheels received a 2013 Accessory of the Year award from CNbuses.com and Shangyongqiche.com, Chinese commercial vehicle trade publications, for best safety and energy savings contribution to China's bus manufacturing industry.
The life cycle assessment study comparing aluminum and steel truck wheels, published with peer review, has been cited in industry and academic literature as a reference for quantifying the operational environmental impact of wheel material selection in commercial transportation.
Alcoa Wheels Recalls & Controversies
1998 and 2003 dually wheel recalls: Alcoa Wheel Products voluntarily recalled 16x6-inch dually aftermarket wheels on two occasions, first in November 1998 and again in May 2003. The affected wheels were manufactured between September 1993 and June 1999. The recall addressed process-induced stresses identified in aftermarket wheels that could develop into cracks over time, potentially causing air loss or wheel separation. OEM wheels sold through Ford, General Motors, and Chrysler were excluded from the recall. Alcoa provided replacement wheels and covered all freight charges for affected customers. The recall was voluntary and coordinated with NHTSA.
No additional product safety recalls involving Alcoa Wheels have been documented in NHTSA or FMCSA databases as of May 2025.
Arconic smelter legacy matter: Howmet Aerospace was formerly part of Arconic Inc. A separate company, Arconic Corporation, retained liabilities from prior Alcoa smelter operations. Howmet Aerospace is a distinct legal entity from Arconic Corporation and does not carry those smelter-related liabilities. This separation is described in SEC filings for both companies.
Alcoa Wheels Ownership: Pros & Cons
Advantages
- +Howmet Aerospace's global manufacturing footprint across four continents allows Alcoa Wheels to serve OEM customers in all major truck-producing regions
- +The Alcoa brand name carries decades of recognition in the commercial trucking industry, reducing the need for awareness-building investment
- +Aluminum wheel weight savings of 40 to 50 percent per wheel compared to steel translate to a quantifiable fuel-savings return on investment for fleet operators
- +Howmet Aerospace's NYSE listing and SEC reporting provide financial transparency for customers evaluating supplier stability
Considerations
- -The Alcoa brand name is licensed from Alcoa Corp., a separate publicly traded company (NYSE: AA), which creates a dependency on an ongoing trademark licensing agreement
- -Commercial truck production cycles affect Forged Wheels revenue; Howmet's Forged Wheels segment is exposed to freight industry downturns
- -Premium aluminum wheel pricing faces downward pressure from steel wheel alternatives during cost-cutting cycles in the trucking industry
- -Howmet's aerospace segments operate on different margin and cycle profiles from Forged Wheels, meaning capital allocation decisions at the corporate level may not align with wheel business investment needs
Frequently Asked Questions About Alcoa Wheels
Sources & Further Reading
Competitors to Alcoa Wheels
No direct competitors found in the same category. This could be because Alcoa Wheelsoperates in a unique market segment or we're still building our competitor database.
Howmet Aerospace Inc. Stock Information
Jobs at Howmet Aerospace Inc.
Latest News About Alcoa Wheels
Related Articles About Alcoa Wheels
View more articlesMonthly IPO Roundup: July 2026 — June's Biggest Listings
June 2026 was the most historic IPO month in market history: SpaceX priced at $135 per share on June 12, raising $75 billion in the largest IPO ever. Quantinuum raised $1.68B, INNIO priced a $2.8B deal, and Bending Spoons filed for a $20B Nasdaq listing. Full recap.
Monthly M&A Roundup: June 2026 Brand Ownership Changes
June 2026's biggest brand ownership moves: Berkshire Hathaway agreed to buy Taylor Morrison for $6.8B, GSK struck a $10.6B deal for Nuvalent, CRH acquired Arcosa for $8.5B, and Qualcomm agreed to buy AI startup Modular for $3.92B. Full breakdown of every major deal.
A Complete Guide to LVMH Brands: What Does the Luxury Giant Own?
LVMH owns 75 luxury maisons including Louis Vuitton, Dior, Tiffany, Guerlain, and Sephora. Here is the complete brand list by division, with acquisition dates and what each brand does.
People Also Searched
Discover popular brands and companies in the Aerospace & Defense category and related searches from other users.

Aviall
Aircraft parts distribution and aftermarket services brand now operating as Boeing Distribution, formerly Aviall, following full integration into Boeing Global Services in 2025.

Boeing Commercial Airplanes
Leading manufacturer of commercial jetliners including the 737, 767, 777, and 787 families serving airlines worldwide.

Boeing Defense, Space & Security
Leading provider of military aircraft, rotorcraft, missiles, and space systems for government and military customers worldwide.