# GFG Alliance to acquire Lochaber hydro plant and aluminium smelter

GFG Alliance companies SIMEC and Liberty House agreed to buy Rio Tinto Aluminium's Lochaber hydro power plant and aluminium smelter in Scotland for £330 million. The deal secures over 150 jobs and is expected to complete in four weeks.

- Type: Acquisition
- Announced: 2016-11-23
- Where: Lochaber, near Fort William, Scotland, United Kingdom
- Value: $410.0M (330.0M GBP)
- Jobs: 150
- Status: announced
- Capacity: 47,000 metric tons per year
- Products: aluminium, hydroelectric power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md) (partner)
- [Rio Tinto](https://endata.com/companies/4215.md) (target)
- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [Rio Tinto Aluminium](https://endata.com/companies/19735.md) (target)
- [Liberty House Group](https://endata.com/companies/19785.md) (acquirer)
- [SIMEC](https://endata.com/companies/20209.md) (acquirer)

## Sources

- [libertysteelgroup.com](https://libertysteelgroup.com/gfg-alliance-companies-to-acquire-iconic-scottish-highlands-power-plant-and-smelter/), 2016-11-23: "GFG’s acquisition of the high-profile Scottish Highlands installation will secure the jobs of more than 150 workers on site and hundreds more in the local and regional supply chain."
- [libertysteelgroup.com](https://libertysteelgroup.com/gfg-alliance-companies-complete-330m-scottish-acquisition-and-unveil-major-new-investment-plans-for-the-highlands/), 2016-12-19: "A bright new industrial future for the Scottish Highlands was heralded today as Liberty House and SIMEC completed a £330million deal with Rio Tinto to buy Britain’s last remaining aluminium smelter"
- [news.metal.com](https://news.metal.com/newscontent/100716594-liberty-house-gupta-acquire-uks-last-aluminum-smelter), 2016-12-23: "Gupta’s Liberty House along with his father’s SIMEC business will be paying $371 million (£330 million) to buy assets that include the plant at Lochaber in the western Scottish Highlands and two hydroelectric plants that power it."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.