# Alliance Magnesium acquires Magnola

Alliance Magnesium acquired all shares of Magnola Metallurgy Inc. and Magnola Mining Inc., gaining full ownership of industrial and mining sites in Danville, Quebec, including a former magnesium plant valued at over CAD $85 million.

- Type: Acquisition
- Announced: 2017-12-05
- Where: Danville, Quebec, Canada
- Value: $66.5M (85.0M CAD)
- Status: completed
- Products: magnesium metal
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Alliance Magnesium](https://endata.com/companies/28603.md) (acquirer)
- [Magnola Metallurgy](https://endata.com/companies/28604.md) (target)
- [Magnola Mining](https://endata.com/companies/28605.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/alliance-magnesium-to-buy-magnola-662058893.html), 2017-12-05: "ALLIANCE MAGNESIUM INC. is pleased to announce that it has acquired all the shares of Magnola Metallurgy Inc. and Magnola Mining Inc."

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