Emirates Global Aluminium Acquires 80% Stake in Spectro Alloys
August 22, 2024
Emirates Global Aluminium (EGA) has acquired an 80% majority stake in US aluminium recycling firm Spectro Alloys Corporation, with the company’s owner‑managers retaining 20%. The deal expands EGA’s recycling footprint and US domestic production capacity and will support Spectro Alloys’ ongoing Rosemount expansion (approximately +55,000 tonnes/year in phase one).
- Buyers
- Emirates Global Aluminium (EGA)
- Targets
- Spectro Alloys Corporation
- Sellers
- Owner-managers of Spectro Alloys Corporation
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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