The Elmet Group to Acquire 4.99% Stake in Masan High-Tech Materials and Enter Multi-Year Tungsten Supply Partnership

EMS Acquires American Metals Supply (AMS)

May 21, 2026

Industrial Services

EMS, a value-added aluminum products distributor backed by Wynnchurch Capital, announced its acquisition of American Metals Supply (AMS). The deal expands EMS’s geographic reach and strengthens its capabilities across patio and industrial end markets in the United States.

Energy Fuels Acquires Australian Strategic Materials in $299 Million Deal

January 22, 2026

Manufacturing

Energy Fuels signed a Scheme Implementation Deed to acquire Australian Strategic Materials Ltd. (ASM) in a transaction valued at about US$299 million, aiming to create a fully integrated rare earth "mine-to-metal & alloy" producer outside China. The deal combines Energy Fuels’ White Mesa Mill in Utah (rare earth oxides) with ASM’s downstream rare earth metals and alloys operations, including its Korean Metals Plant and the Dubbo project in Australia.

Welsbach SPAC Completes Business Combination with Evolution Metals LLC to Form Evolution Metals & Technologies Corp.

January 6, 2026

Manufacturing

Welsbach Technology Metals Acquisition Corp. completed a business combination with Evolution Metals LLC to form Evolution Metals & Technologies Corp. (EMAT), which began trading on the Nasdaq Global Market under the ticker EMAT on January 6, 2026. The combined company will pursue a U.S.-based, vertically integrated supply chain for rare-earth magnets and battery materials by scaling South Korea-based manufacturing assets and developing recycling, midstream processing, and advanced manufacturing capabilities.

MSD Partners Invests in East West Manufacturing

February 1, 2022

Manufacturing

MSD Partners (via its MSD Private Capital strategy) has made a strategic investment in East West Manufacturing, partnering with management to support the company’s continued expansion of end-to-end product realization, manufacturing and supply-chain capabilities. Financial terms were not disclosed; management remains significant owners while Emigrant Capital Corporation and Heritage Growth Partners LLC are exiting their investments.

The CSL Group Acquires Minority Stake in EMS-Tech Inc.

December 8, 2021

Engineering Services

The CSL Group has acquired a strategic minority stake in EMS-Tech Inc., a Canadian engineering firm that designs and supplies bulk material handling systems. The investment formalizes a long-standing 25+ year partnership and aims to advance integrated marine and land-based cargo handling solutions and expand EMS-Tech's market reach.

MSouth Equity Partners Invests in American Metals Supply

November 18, 2021

Industrial Services

MSouth Equity Partners has completed an investment in American Metals Supply, a Tampa-based distributor of specialty aluminum products. The partnership with the company's founder and management will support AMS's growth and expansion into new and existing markets.