Emirates Global Aluminium (EGA), renowned as the largest premium aluminium producer globally, has completed the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH, marking a significant expansion into the European market. The purchase from Leichtmetall Holding GmbH, under Quantum Capital Partners, received all necessary regulatory endorsements. The specialty foundry in Germany, now part of EGA, employs renewable energy to produce high-strength recycled aluminium, up to 30 thousand tonnes annually. The addition boosts EGA’s European presence, complementing its annual export of over 600 thousand tonnes of primary aluminium. The acquisition supports EGA’s strategy to establish a substantial recycling business in Europe and globally, tapping into the rapidly growing market for recycled aluminium, which is expected to account for a significant portion of global aluminium supply growth through 2040. EGA’s CEO, Abdulnasser Bin Kalban, anticipates that the integration with Leichtmetall will offer new opportunities for customer service enhancement and business development. This acquisition represents a major milestone since EGA’s formation ten years ago by the merger of Dubai Aluminium and Emirates Aluminium.

Metals & Mining, Recycling & Waste Management, Energy,United Arab Emirates, Germany, Europe

https://www.zawya.com/en/press-release/companies-news/ega-completes-acquisition-of-leichtmetall-european-speciality-foundry-in-high-strength-recycled-aluminium-jyceb6wr