# ALVANCE Aluminium Group acquires Duffel rolling mill from Novelis for €310M

ALVANCE Aluminium Group, part of GFG Alliance, completed the purchase of the Duffel aluminum rolling mill and recycling operations near Antwerp, Belgium from Novelis for €310 million. The mill will be renamed ALVANCE Aluminium Duffel.

- Type: Acquisition
- Announced: 2020-10-02
- Where: Duffel, near Antwerp, Belgium
- Value: $363.0M (310.0M EUR)
- Status: completed
- Capacity: 250,000 tpa
- Products: aluminum rolled products, automotive body sheets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [lightmetalage.com](https://www.lightmetalage.com/news/industry-news/flat-rolled-sheet/alvance-acquires-aluminum-rolling-mill-in-belgium/), 2020-10-02: "I would like to welcome the Duffel team to the family of GFG Alliance companies."

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