Gränges signs agreement to acquire Aluminium Konin for SEK 2.3 billion

Gränges AB signed an agreement to acquire Polish flat-rolled aluminium producer Aluminium Konin from Boryszew Group for SEK 2.3 billion on a cash and debt-free basis. The acquisition adds a rolling mill in Konin, Poland with annual capacity of 100 ktonnes, and Gränges will complete a SEK 1.1 billion expansion to increase capacity to 140 ktonnes.

“The acquisition strengthens Gränges’ product offering and presence in Europe and contributes with strong positions in new attractive niche markets.”granges.com

• 2 sources
• granges.comGränges has signed an agreement to acquire Aluminium Konin | GrängesNov 28, 2019
• lightmetalage.comGränges to Acquire Flat Rolled Producer Aluminium Konin - Light Metal Age MagazineAndrea SvendsenDec 18, 2019

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