# SIMEC and Liberty House to acquire Rio Tinto's Lochaber hydro and smelter for £330M

GFG Alliance member companies SIMEC and Liberty House agreed to purchase a hydro-power and aluminium smelting operation at Lochaber in the Scottish Highlands from Rio Tinto Aluminium for £330 million. The deal includes hydro plants at Lochaber and Kinlochleven, a Lochaber aluminium smelter, and a 100,000-acre estate.

- Type: Acquisition
- Announced: 2016-11-27
- Where: Lochaber, Scottish Highlands, United Kingdom
- Value: $410.0M (330.0M GBP)
- Jobs: 150
- Status: announced
- Products: aluminium, hydro power
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [GFG Alliance](https://endata.com/companies/19734.md) (partner)
- [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

- [power-technology.com](https://www.power-technology.com/news/newssimec-and-liberty-house-to-acquire-iconic-scottish-highlands-power-plant-and-smelter-5678981/), 2016-11-27: "This transaction fits very well with our vision to develop a sustainable and competitive metals industry in the UK as a key part of our global industrial business."

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