![]() Aludium's extended capabilities and experience represent an excellent opportunity to complement our existing operations and product offering in the market," said Paul-Henri Chevalier, CEO of JAC.įollowing the anticipated close of this transaction, Aludium will continue its focus on low-carbon recycling, product innovation, strong relationships with its customers, and close collaboration with its suppliers. "With this acquisition, Jupiter Aluminum is pursuing its objective to expand in Europe. The company operates recycling assets, rolling mills, and paint lines in Indiana and West Virginia. that has been recycling aluminum for more than 30 years. JAC is an American industrial group based in the U.S. "After a successful ownership period in which Aludium became an independently operated company and expanded its recycling activities as a key value driver of the business, now is the right time for the capable Aludium team to move forward with a new partner for their next stage of growth," said Peter Bacon, Atlas Operating Partner and member of the Aludium Board of Directors. Today, Aludium is a leading aluminum rolled products business with operations across three locations in Europe, a diverse product portfolio, an experienced team, and a firm commitment to sustainability. Terms of the transaction were not disclosed.Ītlas formed Aludium in 2015 following the purchase of the Spanish and French system rolling assets of Alcoa Corporation. The sale is expected to close in the second quarter of 2023, following the completion of customary closing conditions. GREENWICH, Conn., Ap/PRNewswire/ - Atlas Holdings ("Atlas") and Jupiter Aluminum Corporation ("JAC") jointly announced today the signing of a definitive agreement for JAC to acquire Aludium from Atlas. This transaction consolidates Aludium's future as part of an industrial group, allowing it to continue its development and focus on product innovation, service, and low-carbon recycling. ![]() Aludium will end a successful eight-year partnership with Atlas Holdings, during which it became an independently operated company and expanded its recycling activities through significant investment.Through this acquisition, Jupiter Aluminum will pursue its expansion in Europe.
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