This Alicante aluminum factory come back change owners. conglomerate Atlas Holding Agua Amarga announced on Monday the sale of Aludium, the company it founded to manage its facilities along with its “sister” factories. amorebietain the Basque Country and kastelsarrasinin France – also to North America Jupiter Aluminum Companyis an industrial group with over 30 years of experience specializing in recycling this metal.
The operation, whose details have not been disclosed, is expected to take place. during the second quarter of the yearwhen the terms of sale are met, as both companies emphasize in a joint statement.
American fund Atlas created Aludium during the year 2015after that buying factories from the multinational Alcoa, By then, it was in the midst of withdrawing its activities in Spain after several years of disruptions and difficulties in facilities. Fund from the beginning modernize the factory Focusing on the sector with new investments and diversification of raw material supply sources. scrap recycling to reduce your dependency on other operators. For example, a decision that means Reopening of foundry in AlicanteIt has been closed for years.
In this way, the company was improving its figures until fiscal year 2021, the last fiscal year for which accounts were deposited in the Commercial Register. 560 million turnover euros and a few More than 36 million benefits (I’m not counting the French herb). Some numbers, yes, partially After the pandemic, the value of aluminum increased.
It was last autumn, Information about Atlas’ interest in selling the company to make the investment made in these eight years profitable, take advantage of good results from the previous exercise. A process that eventually resulted in the sale of Aludium to Jupiter. grow your business in Europe with this operation
In this sense, the North American company, where its main activity centers are located, In Indiana and West Virginia- He is also the owner since 2018. Valencia company Grupo Baux, It is also dedicated to the production and polishing of aluminum, employing approximately 330 people.
Both the buyer and the seller are responsible for the “Securing the future of Aludium As part of an industry group, it allows it to continue its development and focus on product innovation, service and aluminum recycling”. own brand In the group.
From the works council of the Alicante factory, the new owner an industrial company and not a fund or other type of investor seeking short-term returns. It closed after fiascos in the sale of former Alcoa factories, particularly in Avilés and A Coruña.
Investments to be made in the same direction are expected to be in the same direction. build three new furnacesIt will include an approximate payment. 11 million € improve facility capacity.
Ratings
“After a successful period of ownership in which Aludium became an independent company and expanded its operations “With recycling as a key driver of the business, now is the right time for Aludium’s talented team to move forward with a new partner in the next phase of growth.” Peter BaconAtlas Business Partner and Aludium board member.
Likewise, the CEO of Jupiter, Paul-Henri Knight, He stressed that the acquisition of these factories “is an excellent opportunity for complete our operations our current products and our product offering in the market.” “Aludium is well positioned after its fruitful partnership with Atlas Holdings. A solid future with Jupiter Aluminum“, also points out Aludium CEO Lionel Chapis, emphasizing that the shareholder change will help them in their strategy to decarbonize their production.
Currently, Aludium is the leader in the production of rolled aluminum products in Europe, with around 1,000 employees. Works at 320 Alicante factories. Jupiter Aluminum Corporation was founded in 1992 by Dietrich M. Gross and is privately owned. The production of Jupiter Aluminum is based on the recycling of 100% aluminum scrap. The company mainly supplies the construction markets, but also to service centers and agencies.