# GFG Alliance to acquire Tasmanian Electro Metallurgical Company (Temco)

GFG Alliance, through its Liberty Steel Group, has signed a binding agreement to acquire the Tasmanian Electro Metallurgical Company (Temco) in Bell Bay, Tasmania, from South32 and Anglo American. The deal secures 250 jobs.

- Type: Acquisition
- Announced: 2020-08-13
- Where: Bell Bay, Tasmania, Australia
- Jobs: 250
- Status: announced
- Capacity: 150,000 tonnes per year of high-carbon ferromanganese and 120,000 tonnes of silicomanganese
- Products: ferromanganese, silicomanganese
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Anglo American](https://endata.com/companies/15317.md) (partner)
- [Liberty Steel](https://endata.com/companies/16030.md) (acquirer)
- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [South32](https://endata.com/companies/33959.md) (partner)
- [South32](https://endata.com/companies/33959.md) (target)
- [Tasmanian Electro Metallurgical Company](https://endata.com/companies/49142.md) (target)

## Sources

- [abc.net.au](https://www.abc.net.au/news/2020-08-13/billionaire-sanjeev-gupta-to-buy-tasmanian-smelter-from-south32/12553264), 2020-08-12: "South32 confirmed in a statement this morning it had entered into 'a binding agreement' to sell TEMCO to GFG Alliance."
- [elcorreogallego.es](https://www.elcorreogallego.es/galicia/2020/08/14/gfg-alliance-novio-alcoa-san-109590419.html), 2020-08-14: "Esto asegurará los 250 puestos de trabajo de las instalaciones"

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