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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Fenplast, a Candiac-based manufacturer of aluminium doors and windows, has recently made a strategic move by acquiring Ramp-Art, a leading windows and doors maker headquartered in Terrebonne, Quebec. The acquisition was made through Fenplast's Altek subsidiary, ADG. While the exact financial...
DIP DOO is a reputable company that specializes in the production and distribution of premium aluminium alloys. The alloys are expertly crafted from a combination of waste aluminium and other metals, such as zinc, silicon, tin, and small metals, which are carefully selected for alloying purposes....
Hydro’s subscription period for the Alumetal share sales tender ended on Friday, June 30, with more than 97 per cent of shares being subscribed. Thus, Hydro can now purchase all Alumetal shares that were subscribed for sale. The timeline of the share purchase is till July 5, and it should be...
SERAM, a global leader in decorative ribbons and a subsidiary of Neyret Group, has partnered with Qiova, a pioneer in developing high-speed industrial laser systems for precision material processing. With this partnership, SERAM will be able to produce an infinite variety of functional and...
Dinsheng New Materials, China's largest aluminium foil, sheet and coil manufacturer with approximately 500,000 tonnes of capacity, is reportedly acquiring Italy's Slim Aluminium by spending EUR 56.3 million (US$61.2 million). The acquisition will include Slim's production plant in Italy as well as...
The global leader in the energy sector Iberdrola and the Spanish manufacturer of aluminium coils and sheets, as well as recycled aluminium alloys LatemAluminium has recently announced that the wind power producer has acquired a 20 per cent stake in LatemAluminium. By forming this partnership, the...
ACG Worldwide has acquired full ownership of Technical Aluminium Foil Company (TAFC), reinforcing its growth in the Middle Eastern and African markets. As the world's only integrated pharma manufacturing solutions provider, ACG offers a broad range of products, including capsules, films, foils,...
Mayville Engineering Company, Inc. (MEC), a leading value-added provider of design, prototyping, and manufacturing solutions to a wide range of end markets, has signed a definitive agreement to acquire Mid-States Aluminum Corp., a Wisconsin-based industry-leading extruder, for approximately $96...
According to a report on June 22, Hydro is again increasing the offered price for Alumetal share sale subscribers to PLN 82.00 per share, valid through the last date of subscription submission on June 30, 2023. All Alumetal shareholders who subscribe to the share sales tender in the current offer...
According to a report on Thursday, June 15, Hydro is close to fulfilling the primary condition of the tender offer for 100 per cent of the shares in Alumetal. So far, Hydro has reportedly received sales subscriptions of about 68 per cent of shares. The existing shareholders have subscribed for...
Blackboxstocks Inc., a fintech and hybrid social platform based in Dallas, has announced that it has successfully formulated an SEC deal with the U.K.-based Evtec Group. This is the first step toward completing the planned merger between the companies. The merger will involve Blackbox, Evtec Group...
According to a report released on June 8, Hydro is offering PLN 82.00 for each Alumetal share who subscribes for sale by 23:59 on June 15, 2023. The offer is also open to those who submitted their sale subscriptions before the price increased but with the condition that approximately 32.7 per cent...
PGT Innovations (PGTI) recently announced the successful completion of its acquisition of Eco Enterprises, a reputable Miami-based company renowned for producing high-quality aluminium windows and doors that are highly resistant to impact. With this strategic acquisition, PGTI now owns 100% of the...
Dr Nigel Clarke, the Minister of Finance and Public Service, insists that it would not have been economically viable for the Jamaican government to take over the responsibility of 100 per cent operations of Jamalco, the bauxite mining and alumina refining company, after the previous majority...
Hydro has announced that existing shareholders of Alumetal can now submit subscriptions for selling their shares in a tender offer relaunched by Hydro, a Norway-based global aluminium and energy group. Subscriptions submission is open till June 30, 2023. As per the report, Hydro is offering PLN...
DWK Life Sciences has successfully acquired the US-based packaging solutions maker Assem-Pak | Aluseal, located in Vineland, New Jersey. The company has not publicised the acquisition amount. Assem-Pak manufactures premium quality rubber stoppers and aluminium seals for clients in the...
The European Commission (EC) has reportedly approved unconditional merger clearance for Hydro's acquisition of the Polish aluminium recycler Alumetal S.A. In April 2022, Hydro first announced a tender offer to acquire Alumetal with an all-cash transaction worth $240.4 million. But it expired during...
On May 4, 2023, Arconic Corporation announced that it has entered into a definitive agreement to be acquired by funds managed by Apollo Global Management, Inc. affiliates in an all-cash transaction that values the Company at an enterprise value of approximately US$5.2 billion. The acquisition...
