Maxxam Inc., the Los Angeles real estate...

Maxxam Inc., the Los Angeles real estate and lumber company that issued $770 million in debt last year to merge with KaiserTech Ltd. of Oakland, completed the sale of two aluminum plants and a data center for $256 million. Maxxam said its subsidiary, Kaiser Aluminum & Chemical Corp., sold an aluminum production facility in Ravenswood, W. Va.; an aluminum recycling plant in Bedford, Ind., and a regional data center in Columbus, Ohio, to a new company formed by Stanwich Partners Inc., an investment company based in Stamford, Conn. The new company, Ravenswood Aluminum Corp., will pay $168 million in cash and take over various debts from Kaiser.