Atlas is selling three factories it bought from Alcoa

The American group Jupiter Aluminum closed with holding an atlas agreement on the acquisition of Aludium, the entity that includes three former Alcoa factories in Amorebieta and Alicante and another in France, whose operations are expected to be closed in the second quarter of 2023, as jointly reported by the two companies that signed the contract.

In 2014, Aludium bought three plants of an American multinational aluminum company.

Operation, of which terms and amount have not been disclosedrepresents another step in the expansion in Europe of the American industrial group Jupiter Aluminum, which has been involved in aluminum recycling for more than 30 years and has recycling centers, rolling mills and painting lines in Indiana and West Virginia.

With this, Aludium “consolidates its future” as part of an American industrial group, and will continue its activity focusing on recycling, product innovation, strong relationships with its customers and close cooperation with its suppliers.

“After a successful period of ownership that has seen Aludium become an independent company and expand its recycling activities as a key business driver, now is the right time for Aludium’s competent team to move forward with a new partner in its next phase of growth. “, assured the member of the board of directors of Aludium, Peter Bacon.

“With this acquisition, Jupiter Aluminum continues with its goal of expansion in Europe. Aludium’s expanded capabilities and experience represent an excellent opportunity to complement our existing operations and product offering in the market,” confirmed Jupiter Aluminum CEO Paul-Henri Chevalier.

For his part, the CEO of Aludium, Lionel Chapis, believes that the company is well positioned after the “fruitful” cooperation with Atlas Holding, which laid the foundations for a “solid” future with Jupiter Aluminum. In this sense, Aludium is since its acquisition in 2015 by Atlas, a company that includes three former Alcoa plants in Spain and France.

“We will remain focused on offering excellent products and services to our customers, while combining our combined industry experience to deliver on our strategic low-carbon agenda,” concluded Aludium’s CEO.

In 2014, Alcoa got rid of these three factories in Spain and France. Two years later, it sold the factories in A Coruña and Avilés to the Parter fund, which were closed. The North American multinational currently owns only the San Cibrao (Cervo) plant in Spain, which temporarily stopped aluminum production due to economic problems.