American Industrial Partners Acquires Aleris North American Rolled Products (now Commonwealth Rolled Products)

American Industrial Partners Acquires PPG's U.S. & Canadian Architectural Coatings Business (Pittsburgh Paints Co.)

December 2, 2024

Building Products

American Industrial Partners (AIP) completed the acquisition of PPG's U.S. and Canadian architectural coatings business for $550 million and has renamed the business The Pittsburgh Paints Company. The newly independent company — a top-three producer of interior and exterior paints, stains, caulks, adhesives and sealants with more than 6,000 employees and 750 company-owned stores — will operate as a focused platform serving professional and DIY end markets across the U.S. and Canada.

American Industrial Partners Acquires Aluminium Duffel (Aluminium Belgium BV)

June 14, 2022

Manufacturing

American Industrial Partners (AIP) acquired 100% of the shares of Aluminium Belgium BV, the parent of Aluminium Duffel (ALVANCE Aluminium Duffel BV), from Ecnavla 8 UK Ltd. AIP purchased the business following borrower defaults and administration proceedings and intends to continue operations with the existing local leadership while providing additional capital to support the business and investments in the plant.

American Industrial Partners Acquires Aluminium Dunkerque Smelter (Loon-Plage, France)

October 1, 2021

Manufacturing

American Industrial Partners (AIP) acquired ownership of the Aluminium Dunkerque smelter in Loon-Plage, France via foreclosure on pledged shares of Liberty France Industries 1 SA. The transaction gives AIP control of three French legal entities that operate the smelter and AIP said it will continue operations with the existing local leadership and provide additional capital to support the business.

American Industrial Partners Acquires Ingersoll Rand's High Pressure Solutions Segment

February 16, 2021

Manufacturing

American Industrial Partners (AIP) agreed to acquire a majority interest in the High Pressure Solutions (HPS) segment of Ingersoll Rand, a transaction completed in early 2021. The deal (reported at about $300M) makes HPS a standalone business focused on manufacturing, service, and repair of high-pressure pumps and related consumables for the upstream energy market, with AIP providing operational support to drive product development, supply-chain optimization and growth.

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.

American Industrial Partners Acquires Current (powered by GE)

April 1, 2019

Energy

American Industrial Partners (AIP) has completed the acquisition of Current, powered by GE, from General Electric. Current — a provider of LED lighting, intelligent controls, sensors and software for commercial, industrial and municipal customers — will continue to use the GE brand under a long-term licensing agreement as it operates under AIP ownership.