# GFG Alliance agrees to purchase Belgian aluminum smelter from Novelis

GFG Alliance reached an agreement to buy the Duffel aluminum rolled mill in Belgium from Novelis. The deal has received EU approval and is expected to close by January 21, 2020. Financial details were not disclosed.

- Type: Acquisition
- Announced: 2019-12-13
- Where: Duffel, Belgium
- Status: announced
- Capacity: 240,000 metric tons per year
- Products: semi-finished aluminum products, rolled aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [GFG Alliance](https://endata.com/companies/19734.md)
- [ALVANCE Aluminium Group](https://endata.com/companies/44658.md)
- [Novelis](https://endata.com/companies/2475.md) (target)
- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)

## Sources

- [azovpromstal.com](https://www.azovpromstal.com/article/one/id/4621?lng=en), 2019-12-13: "The acquisition of the Duffel plant is the latest in a series of acquisitions of steel and aluminum assets from GFG Alliance in recent years."
- [aluminiumtoday.com](https://aluminiumtoday.com/news/gfg-alliance-unveils-new-global-integrated-aluminium-vertical-alvance-a-champion-for-low-carbon-greenaluminium), 2020-01-20: "ALVANCE will be the first GFG Alliance global vertical to be headquartered outside of its international headquarters in London"

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