EGA completes acquisition of German firm Leichtmetall

EGA completes acquisition of German firm Leichtmetall

Emirates Global Aluminium (EGA), the largest ‘premium aluminum’ producer in the world, has announced the completion of the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH. EGA announced its intention in March to acquire Leichtmetall from Leichtmetall Holding GmbH, a subsidiary of an investment fund managed by Quantum Capital Partners GmbH. The transaction has now cleared […]Emirates Global Aluminium (EGA), the largest ‘premium aluminum’ producer in the world, has announced the completion of the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH.

EGA announced its intention in March to acquire Leichtmetall from Leichtmetall Holding GmbH, a subsidiary of an investment fund managed by Quantum Capital Partners GmbH. The transaction has now cleared all required regulatory approvals and closing conditions.

EGA’s new German operation is a European specialty foundry that uses renewable energy to produce up to 30 thousand tons per year of billets, with secondary aluminum as some 80 percent of input material.

Abdulnasser Bin KalbanCEO – EGA

“I am pleased to welcome our new Leichtmetall colleagues in Hannover to EGA. Becoming part of the biggest ‘premium aluminum’ producer in the world will give Leichtmetall new strength for its customers and to grow. For EGA, today is an important early milestone in our drive to build