1 year ago
Hindalco to Acquire AluChem for $125M, Boosting Alumina Play
Hindalco, an Indian company, is buying AluChem, a US-based company.
The deal is worth $125 million.
AluChem makes special alumina used in advanced products like electric car parts.
This helps Hindalco expand.
AluChem has factories in Ohio and Arkansas.
The deal is expected to be finalized soon.
This will allow Hindalco to increase its footprint in the growing specialty alumina market.
Hindalco Industries will acquire AluChem Companies, Inc. for $125 million.
The acquisition will be done through Aditya Holdings LLC, a Hindalco subsidiary.
AluChem manufactures specialty alumina used in sectors like electric mobility and semiconductors.
AluChem operates three manufacturing facilities in Ohio and Arkansas with a capacity of 60,000 tons.
The acquisition is expected to close in the upcoming quarter, pending approvals.
- Who
- Hindalco Industries will acquire AluChem through Aditya Holdings LLC.
- What
- Hindalco Industries will acquire AluChem Companies, Inc.
- Where
- AluChem has manufacturing facilities in Ohio and Arkansas.
- When
- The acquisition is expected to close in the upcoming quarter.
- Why
- Hindalco aims to expand in the specialty alumina market for high-tech materials.
Key facts
- Acquirer
- Aditya Holdings LLC (Hindalco subsidiary)
- Acquired
- AluChem Companies Inc.
- Price
- $125 million
- Closing Time
- Upcoming quarter
- Facilities
- Ohio and Arkansas
- Capacity
- 60,000 tons
Sources
Hindalco arm to acquire US-based AluChem for $125 million
Hindalco Shares In Focus Following The Acquisition Of US-Based AluChem For $125 Mln
Hindalco share price inches higher as arm to acquire US-based AluChem for ₹1,075 crore
Hindalco to acquire US-based AluChem Companies, Inc. for $125mn, expands global play in high-tech alumina
Hindalco to acquire US-based AluChem for $125 million
