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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Aluminium extrusion dies manufacturer Phoenix International has been acquired by private equity firm Ambienta SGR for an undisclosed amount. Europe’s leading private equity investor Chequers Capital on Monday announced the sales of its portfolio company Phoenix. Phoenix, headquartered in Verdello,...
Rolled aluminium products supplier Gränges acquired the entire utilities infrastructure from Jernbro on its industrial premises in Finspång for SEK 93 million. The company said that utilities infrastructure acquisition will ensure a safe, reliable and long-term supply of energy and utilities. The...
STAS Inc. announces through a press release that the company, a high-technology equipment supplier for the global aluminum industry based in Chicoutimi, Quebec, Canada, has acquired SERMAS Industrie, located in St Quentin Sur Isère, near Grenoble in France and which employs around forty employees....
Swiss machinery maker PackSys Global has reportedly agreed to sell its subsidiary in Thailand to Benpac Holding. Becpac Holding is a group of companies in the fields of engineering, machine construction and packaging technology. The subsidiary company of PackSys Global in Thailand, on the other...
BRP has entered into a definitive agreement to acquire a majority stake in Australia's leading manufacturer of aluminium boats. BRP will acquire 80% of the outstanding shares of Telwater Pty, Ltd for an undisclosed amount. Following the closing of the acquisition, Paul Phelan, Telwater's current...
Sanjeev Gupta’s GFG Alliance has announced the acquisition of two vehicle components suppliers in French. Through its industrial business Liberty, GFG has become the owner of Saint Jean Industries Poitou and Fonderie du Poitou Fonte. As a result of the rulings by the courts of Administration, GFG...
Dragon Products, a manufacturer and supplier of critical equipment to the energy and industrial industries, recently completed the acquisition of specific assets of Vantage Trailers, based in Katy TX. Though the detail terms of acquisition have not been divulged, the acquisition covers the...
Lindian Resources announced that it signed an exclusive option agreement with KB Bauxite Guinea Sarlu and its sole shareholder Guinea Bauxite Pty Ltd, in a bid to acquire the Gauoal Bauxite Project. The project spanning over 332 square kilometres is strategically located close to essential...
Mahindra CIE Automotive announced the completion of the acquisition of Aurangabad Electricals yesterday April 9, 2019. The shares of the company rose 1.41% to INR 226.20 at 11:43 IST on BSE after the announcement. Mahindra CIE Automotive announcement said that it had acquired 100% issued and...
Leading contract glazing specialist GG Glass has acquired Commercial Aluminium Services, a West Midlands based company specializing in the manufacture and installation of architectural aluminium and steel shop front entrance solutions. GG Glass said the company now has full geographical coverage...
Swedish rolled aluminium firm Gränges reportedly announced two days ago about refinancing the credit agreement that originally happened to finance its acquisition of American subsidiary - Gränges Americas Inc. This new credit facility is a revolving one available in several currencies of SEK2000...
CMS Window Systems, a designer, installer and manufacturer of PVCu, aluminium windows, doors and curtain walling systems, has secured private equity investment from Maven Capital Partners, a private equity firm. The funding will be used to expand CMS’ product range and production capacity to serve...
The European Commission announced on Monday that it started an investigation on the proposed acquisition of Aleris by Novelis under the EU Merger Regulation. Commissioner Margrethe Vestager, in charge of competition policy said that the investigation would look into whether the acquisition would...
Hydro announced that the company has acquired remaining 50 per cent of Technal Middle East (TME). Based in Bahrain, Technal Middle East supplies tailor-made aluminium building solutions in the Middle East. Egil Hogna, Head of the Extruded Solutions business in Hydro said: “This acquisition will...
The Australian firm Pure Alumina Limited is planning to buy private Canadian high purity alumina (HPA) producer Polar Sapphire for $C25.7 million ($27.1 million). Polar Sapphire produces some of the lowest cost HPA at its Toronto pilot. Pure Alumina announced its plan to its investors in the...
Mahindra CIE Automotive Ltd’s Board of Directors today resolved to acquire the business of Aurangabad Electricals (AEL) through acquisition of 100% of equity shares for an enterprise value of INR 8756 million, which includes a future deferred payment estimated up to INR 622mn. Aurangabad...
Fusion Windows and Doors has announced the appointment of Stuart Judge as a new Managing Director. He has more than 25 years’ experience in the construction products market. A Birmingham-based manufacturer of aluminium windows and doors Fusion was recently acquired in a deal by Key Land Capital’s...
NICHE Chemical LLC, the specialty products and chemicals division of New Day Aluminum Holdings LLC, has announced the acquisition of Imerys Fused Minerals Hull Ltd. The acquisition will complement the company’s existing fused alumina business in LaBathie, France. The acquired business, located in...
