Alcoa Acquires Alumina Limited in $2.2B All-Stock Deal

Lincoln Electric Acquires Remaining Interest in Alloy Steel

April 1, 2025

Manufacturing

Lincoln Electric Holdings, Inc. acquired the remaining 65% interest in Alloy Steel Australia (Int) Pty Ltd, bringing Alloy Steel into full ownership. Alloy Steel, a Perth-based manufacturer of proprietary wear plate solutions, engineering services and digital monitoring for the mining sector (primarily Asia Pacific), generates approximately USD 50 million in annual revenue and will be reported in Lincoln Electric’s International Welding segment.

Reliance Steel & Aluminum Co. Acquires American Alloy Steel, Inc.

February 14, 2024

Industrial Services

Reliance Steel & Aluminum Co. has entered into a definitive agreement to acquire all outstanding equity interests and related real estate assets of American Alloy Steel, Inc., a Houston-based distributor and fabricator of specialty carbon and alloy steel plate and round bar. The acquisition adds specialty plate and new fabrication/value-added processing capabilities to Reliance's portfolio; American Alloy reported approximately $310 million in sales for the 12 months ended Dec. 31, 2023.

Novelis Acquires Aleris Corporation

April 14, 2020

Manufacturing

Novelis Inc. has completed the acquisition of Aleris Corporation, a global supplier of rolled aluminum products, integrating Aleris' 13 production facilities and workforce into Novelis' operations. The deal expands Novelis' product portfolio into aerospace, strengthens its recycling and R&D capabilities, and creates approximately $150 million of synergies while maintaining a pro-forma net debt to adjusted EBITDA within guidance.

Town & Country Industries (ABC Supply) Acquires Aluminum Products Wholesale, LLC

June 17, 2024

Building Products

Town & Country Industries, a division of ABC Supply Co., Inc., has acquired the assets of Aluminum Products Wholesale, LLC, a Mobile, Alabama-based distributor of aluminum building products. The acquisition gives Town & Country its first location in Alabama and aims to strengthen relationships with contractors in the Gulf Coast region while retaining the Mobile-based employees to ensure continuity for customers.

Macquarie AirFinance Acquires $2.2B Aircraft Portfolio from ALAFCO

January 10, 2023

Aerospace & Defense

Macquarie AirFinance, with backing and equity from Macquarie Asset Management, PGGM Infrastructure Fund and Australian Retirement Trust (ART), will acquire a $US2.2 billion aircraft portfolio from ALAFCO Aviation Lease and Finance Company K.S.C.P. The deal — supported by a $US1.65 billion acquisition facility underwritten by BNP Paribas, Citibank, MUFG Bank and Natixis — will expand and modernize Macquarie AirFinance's fleet and improve its emissions profile; ALAFCO shareholders approved the transaction and completion was expected in 2023.

Solowin Acquires AlloyX for $350 Million

September 9, 2025

Payments & Fintech

Solowin has completed a $350 million acquisition of AlloyX, a stablecoin infrastructure provider, integrating AlloyX's enterprise-grade stablecoin platform, RWA tokenization tools, and global payment network into Solowin's regulated financial services. The deal includes a 12-month lock-up for AlloyX selling shareholders and performance-based incentives tied to future valuation, and positions Solowin to expand stablecoin-driven payments into emerging markets including the UAE, ASEAN and Africa.