Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, along with its partner, to a Chinese automotive holding company. The Changchun facility manufactures aluminium crash management systems and other structural components for the Chinese automotive...
Aluminium producers in the Gulf are increasing overseas acquisitions and investments as they seek to strengthen supply chains, expand market access and reduce exposure to regional risks. The trend comes as geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz...
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Hydro has finalised the sale of 49.9 per cent of its renewable energy subsidiary, Hydro Rein, to Macquarie Asset Management. Initially announced in October 2023, this transaction marks a significant milestone in Hydro's strategy to expand its renewable energy portfolio. The transaction has assigned...
Two prominent figures in the aluminium industry, Malaysian business magnate Koon Poh Keong and Chinese billionaire Song Zuowen, are deepening their collaboration, as reported by Forbes. This multi-million-dollar agreement involves an exchange of ownership stakes in their respective aluminium firms,...
Tuffman Equipment was acquired by General Kinematics in 2018 as part of its strategic move to enhance recycling systems. This acquisition aimed to diversify and expand General Kinematic's (GK) equipment offerings, particularly in the recycling sector. After the acquisition, General Kinematics...
Capral, Australia’s largest extruder and distributor of industry-leading aluminium products, has reportedly announced the purchase of Apple Aluminium, a Brisbane-based aluminium extrusion, sheet, and plate supplier. Capral said in a statement that although the acquisition is relatively small, it...
On June 11 2024, Alcoa Corporation announced that it had reached several key milestones in its acquisition of Alumina Limited (“Alumina”) and expects the transaction to be completed on or about August 1, 2024, subject to the satisfaction of customary conditions. The milestones include: Alcoa filed...
Global mining and metal giant Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65 per cent stake in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia, in a strategic move to expand its operations. Upon completing this transaction...
WinTech of Missouri, a producer of construction industry materials, has acquired Pocahontas Aluminum Company, a window and door manufacturer located in Pocahontas. Established in 1963, Pocahontas Aluminum Company produces materials for various industries, including modular homes, food trucks, and...
In a strategic manoeuvre to secure Alumina Ltd.'s $4 billion buyout, American aluminium giant Alcoa has tailored a unique arrangement for the company's second-largest shareholder, China's CITIC Group. As reported by the Australian business-focused, compact daily newspaper Australian Financial...
In a strategic move to enhance its market footprint, on May 17, 2024, ABB announced the acquisition of Siemens' wiring accessories business in China. This acquisition is set to significantly broaden ABB's reach and strengthen its customer offerings in the smart buildings sector within the region....
W.P. Carey has expanded its portfolio by acquiring an €80 million package, comprising four industrial facilities in Italy and an R&D facility in Canada, through a sale and leaseback transaction. The 103,000 square meter portfolio is now under triple-net leases to Metra SpA and Metra Aluminium,...
The European Commission has greenlit Macquarie Asset Management's acquisition of a 49.9% share in Hydro Rein, the renewable energy arm of Norsk Hydro ASA. This strategic move signals a significant development in the renewable energy landscape and underlines the growing importance of sustainable...
Wisconsin Aluminum Foundry (WAF) has begun new chapter of expansion with the acquisition of ATEK Metal Technologies, an esteemed Iowa-based aluminium castings manufacturer. This acquisition not only signifies growth but also embodies a nostalgic return to roots, intertwining the legacies of both...
In an intriguing advancement aimed at consolidating its foothold in the emerging aluminium component manufacturing landscape, Craftsman Automation recently announced its acquisition of the residual 24% stake in DR Axion India (DRAIPL). This acquisition, following Craftsman's previous purchase of...
Alfiniti Inc. has made a significant stride in solidifying its position as a premier provider in the aluminium tube industry with the recent acquisition of Alabama Tube Corporation. This strategic move underscores Alfiniti's commitment to diversifying its product line and enhancing its capabilities...
Elliott Management Corp.'s move to acquire a significant stake in Sumitomo Corp., a favoured Japanese trading house of Warren Buffett, signals potential shifts in the market. With Elliott's reputation for activist investing, this development could lead to interesting changes within Sumitomo's...
Emirates Global Aluminium, the world's largest 'premium aluminium' producer, today announced the completion of the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH. EGA announced its intention in March to acquire Leichtmetall from Leichtmetall Holding GmbH, a subsidiary of an...
Ducab Metals Business (DMB) has made a vital effort forward in its expansion strategy with the acquisition of GIC Magnet, a move aimed at broadening its product range and global footprint. This strategic move aligns with DMB's vision to diversify its offerings and penetrate international markets,...
On April 15, 2024, the multinational company with headquarters in Milan, specialising in producing electrical cable Prysmian, announced that it has entered into a definitive merger agreement under which it will acquire Encore Wire for $290.00 per share in cash. The Transaction represents a premium...
