2 hrs ago
Hindalco Ends $125 Million AluChem Deal After Regulatory Delays
Hindalco Industries planned to buy a US company called AluChem Companies.
The deal was worth $125 million.
AluChem makes special types of alumina used by many industries.
The purchase needed approval from a US national-security review committee.
That review took much longer than expected.
Several partial US government shutdowns paused the review process.
Hindalco eventually decided to cancel the purchase.
The company said it still wants to grow its specialty alumina business, including in the United States.
Hindalco Industries terminated its proposed $125 million acquisition of AluChem Companies.
The cash deal, announced in June 2025, covered 100% of AluChem at an enterprise value of $125 million.
Completion was delayed for more than a year by repeated Committee on Foreign Investment in the United States reviews.
Partial US federal government shutdowns paused the statutory review clock and extended the process.
Hindalco said the termination would not change its strategy of expanding specialty alumina and other value-added products.
- Who
- Hindalco Industries and AluChem Companies were involved, with the Committee on Foreign Investment in the United States reviewing the transaction.
- What
- Hindalco terminated its proposed $125 million cash acquisition of 100% of AluChem Companies.
- Where
- The target company is in the United States, where the foreign-investment review took place.
- When
- The acquisition was announced in June 2025 and terminated after remaining unresolved into October 2026; the report was published October 2, 2026.
- Why
- The deal was ended after repeated delays in regulatory clearance caused by disruptions to the US foreign-investment review process.
Key facts
- Deal value
- $125 million, or about ₹1,200 crore
- Buyer
- Hindalco Industries, an Aditya Birla Group company
- Target
- AluChem Companies
- Transaction structure
- Cash acquisition of 100% of AluChem
- Announcement
- June 2025
- Review authority
- Committee on Foreign Investment in the United States (CFIUS)
- Products
- Specialty calcined and tabular alumina
- Strategic direction
- Continued expansion of high-value, technology-led value-added products in specialty alumina
Sources
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