# Braidy Industries acquires Veloxint for $75 million

Braidy Industries spent $75 million to acquire Veloxint, a Massachusetts-based company that developed a process to make aluminum products lighter and stronger. Veloxint will build a plant next to Braidy's mill in Greenup, Kentucky.

- Type: Acquisition
- Announced: 2018-03-05
- Where: Greenup, Kentucky, United States
- Value: $75.0M
- Status: completed
- Products: advanced metal alloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Braidy Industries](https://endata.com/companies/23234.md) (acquirer)
- [Veloxint](https://endata.com/companies/30570.md) (target)

## Sources

- [irontontribune.com](https://irontontribune.com/2018/03/08/open-house-hosts-braidy-industries/), 2018-03-08: "On Monday, Braidy Industries spent $75 million and acquired Veolxint, a Massachusetts-based company that developed a process to make aluminum products lighter and stronger."

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