# 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.

- Type: Acquisition
- Announced: 2019-11-28
- Where: Konin, Poland, Poland
- Value: $240.0M (2.30B SEK)
- Status: announced
- Capacity: 100 ktonnes per year (expanding to 140 ktonnes)
- Products: flat-rolled aluminium products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Boryszew](https://endata.com/companies/532.md) (partner)
- [Gränges](https://endata.com/companies/3224.md) (acquirer)
- [Impexmetal](https://endata.com/companies/20452.md) (target)
- [Aluminium Konin](https://endata.com/companies/43579.md) (target)

## Sources

- [granges.com](http://www.granges.com/newsroom/press-releases/2019/granges-has-signed-an-agreement-to-acquire-aluminium-konin/), 2019-11-28: "The acquisition strengthens Gränges’ product offering and presence in Europe and contributes with strong positions in new attractive niche markets."
- [lightmetalage.com](https://www.lightmetalage.com/news/industry-news/flat-rolled-sheet/granges-to-acquire-flat-rolled-producer-aluminium-konin/), 2019-12-18: "The acquisition is a good strategic fit and complements our business and geographic presence."

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