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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Sanjeev Gupta owned Liberty Steel Group has confirmed that their complex manufacturing facilities Liberty Aluminium Technologies and Liberty Pressing Solutions are in process of the sale. The disquiet was raised in the previous month, following the collapse of their vital lender, Greensill Capital....
The Saint-Claude, France-based MBF Aluminium which is on receivership for the last few months, received an offer for taking over on 11 th May 2021, which was presented but the Dijon commercial court still finds it too insufficient. A new hearing date is scheduled for 25 th May 2021. Earlier, the...
REAL ALLOY has acquired Récupération Valorisation Aluminium (RVA), a French specialist in salt slag recycling, to further enhance its existing salt slag processing plants in North America and Europe. RVA is located in Les Islettes, 200 kilometers east of Paris. The company utilized its technology...
The Italian company Metra , the world leader in aluminium extrusion, today belongs to the American fund KPS Capital Partners specializing in investments in the industrial sector, including in aluminium, and is also known for its acquisition of the rolling mills of the Norwegian company Hydro. After...
The American investment company KPS Capital Partners has stepped into a definitive agreement to acquire Metra Holding SpA and Metra SpA, (collectively “Metra” or the “Company”), a global producer of extruded aluminium. The existing shareholders will retain a 25% stake in the company. Metra will be...
As per industry sources, the private equity firm, American Industrial Partners has been building great industrial business for over 30 years has bought the senior debt of the two Sanjeev Gupta’s European aluminium assets, initiating the process to take over. Recently, the New York-based firm, AIP,...
Australia's largest extruder and distributor of aluminium products, Capral Aluminium with five manufacturing sites strategically placed across the country have rejected Allegro's purchase offer due to critical assessment from shareholders. A few days earlier, the company acknowledged a takeover...
Rusal publishes that it has accomplished the acquisition of Aluminium Rheinfelden GmbH following the approval issued by the German Federal Cartel Office and the German Federal Ministry for Economic Affairs and Energy. The transaction safeguards that operations can pursue and delivers job security...
The US-based rigid packaging firm Crown has decided to divest its Europe, Middle East and Africa (EMEA) food and consumer packaging business to the American investment company KPS Capital Partners. The $2.7 billion deal is expected to conclude during Q3 2021, subject to customary closing conditions...
Africa’s one of the largest aluminium exporters, Hulamin confirmed that its extrusion plant, in Olifantsfontein, Midrand has been acquired by integrated South African metals company Alfeco Group. The recently acquired extrusion assets, which are now part of Alfeco’s new aluminium division, with a...
Metso Outotec has closed the divestment of its Aluminium business to REEL International for an undisclosed sum. The business includes equipment and plant solutions to green anode plants, anode rodshops, and casthouses used in aluminium smelters, as well as the related services. “I would like to...
Wisconsin Aluminum Foundry (WAF) has expanded its operation with the acquisition of Wabash Castings Inc. WAF will expand its growth in the electric vehicle and consumer goods markets. The company will continue to use the Wabash Castings brand name. Founded in 1909, WAF, founded in 1909, provides...
On 3 rd April 2021, ANG Lifesciences India Ltd announced its acquisition of printing and packaging firm, Mansa Print & Publishers Ltd, which has undergone corporate insolvency resolution plan, as part of its strategic vertical integration. Mansa Print & Publishers Ltd, located at Baddi in Himachal...
Kaiser Aluminum Corporation has completed the acquisition of rolling mill and associated assets from Alcoa Corporation for a purchase price of $670 million. The deal closed on March 31, 2021. The purchase price was funded with a combination of existing cash on hand, and the assumption of other...
Morgan Stanley and ICBC Standard Bank are considering selling part of a loan, which they lend to a crucial business unit of Sanjeev Gupta’s GFG Alliance. This is a hint which speaks that lenders are gradually losing confidence in the metal producing group. According to an industry professional, the...
The subsidiary of US-based Thunderbird Manufacturing LLC, Metal Impact East LLC has acquired the Luxfer Holdings PLC aluminium gas cylinders division. Metal Impact affirms the acquisition of the manufacturing operations of Luxfer in Graham, North Carolina, as well as its range of products and...
Metal tycoon Sanjeev Gupta has crowned a reputation for over a decade as one of the world’s biggest promoter of steel by sealing deals for mills and smelters across Australia to Romania while placing up billions in debt for decaying assets. The Executive Chairman of GFG Alliance has planned out a...
The Norwegian aluminium company Norsk Hydro ASA has set foot to sell its rolling division to KPS Capital Partners for EUR 1,380 million on an enterprise value basis. This is considered as a major step on Hydro's agenda to enhance profitability and drive sustainability. The transaction comprises...
