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.
- Targets
- Hydro Precision Tubing Lichtervelde (Remi Claeys Aluminium)
- Sellers
- Norsk Hydro
- Industry
- Manufacturing
- Location
- West Flanders, Belgium
- Transaction Type
- Buyout
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