M&A

M&A

Hindalco to buy US-based specialty alumina maker AluChem for $125-M

Press Release   Economic Times  

Publicly listed Hindalco (via a wholly owned subsidiary Aditya Holdings LLC) is to acquire Cincinnati, OH (USA)-based specialty alumina manufacturer AluChem at an enterprise value of USD 125 million.The target company is a supplier of ultra-low soda calcined and Tabular Alumina - materials known for their thermal and mechanical stability - used in high precision mechanical components, and industrial refractories.AluChem brings Hindalco a strong presence in North America with annual capacity of 60,000 tonnes across three manufacturing facilities in Ohio and Arkansas. It had reported a turnover of USD 66.38 million for calendar year 2024. AluChem had an Ebitda of USD 381 per tonne in calendar year 2024 as compared to Hindalco's specialty alumina Ebitda of a little under USD 200 per tonne in fiscal 2025.