EGA to fully acquire European specialty foundry ‘Leichtmetall’

EGA to fully acquire European specialty foundry ‘Leichtmetall’

Emirates Global Aluminium (EGA), the largest ‘premium aluminum’ producer in the world, has signed a binding sale and purchase agreement (SPA) for the acquisition of a German aluminum recycling firm, Leichtmetall Aluminium Giesserei Hannover GmbH. Leichtmetall is a European specialty foundry, with production including hard alloys and larger diameter billets with high proportions of secondary […]Emirates Global Aluminium (EGA), the largest ‘premium aluminum’ producer in the world, has signed a binding sale and purchase agreement (SPA) for the acquisition of a German aluminum recycling firm, Leichtmetall Aluminium Giesserei Hannover GmbH.

Leichtmetall is a European specialty foundry, with production including hard alloys and larger diameter billets with high proportions of secondary aluminum. The landmark transaction is EGA’s first major acquisition since EGA was formed through the merger of Dubai Aluminium and Emirates Aluminium a decade ago.

Leichtmetall uses renewable energy at its plant in Hannover, Germany, to produce up to 30 thousand tons per year of aluminum billets with secondary aluminum as some 80 percent of the input material.

The company uses proprietary inductive melting technology, liquid metal treatment and casting processes developed over more than four decades to make, from scrap metal, very high quality and specification products used in demanding applications. Leichtmetall’s