AURELIUS Acquires Hydro Precision Tubing Lichtervelde from Norsk Hydro

August 13, 2021

AURELIUS Equity Opportunities has acquired the aluminium precision tubing business of Norsk Hydro, Hydro Precision Tubing Lichtervelde, in a carve-out transaction. The Belgium-based plant (rebranded as Remi Claeys Aluminium) employs more than 180 people and generated roughly EUR 50 million in revenue in 2020; financial terms were not disclosed.

Buyers
AURELIUS Equity Opportunities SE & Co. KGaA
Targets
Hydro Precision Tubing Lichtervelde (Remi Claeys Aluminium)
Sellers
Norsk Hydro
Industry
Manufacturing
Location
West Flanders, Belgium
Transaction Type
Buyout

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