◂ Announcements

Nov 18, 2020ACQUISITIONSuzhou, China

Asia Pacific Light Alloy to acquire Suzhou Lingfu Aluminum from Mitsubishi Aluminum

Jiangsu Asia-Pacific Light Alloy Technology will acquire 100% equity of Suzhou Lingfu Aluminum from Mitsubishi Aluminum for RMB 11.37 million.

Value

$1.72M (11.4M CNY)

Status

Announced

Productsaluminum alloy precision die forgingscorrosion-resistant heat exchangersultra-fine aluminum-copper alloysheat exchange aluminum microchannel flat tubes

CompaniesMitsubishi Aluminum target Jiangsu Asia-Pacific Light Alloy Technology acquirer Suzhou Lingfu Aluminum target

Sectors#Automotive Components

“The equity interest acquired by Asia-Pacific Light Alloy Company aims to make full use of the company's advantages in production capacity, equipment and experience in the field of high-performance microchannel flat tubes for thermal management systems.”news.metal.com

1 source
news.metal.comAsia Pacific Light Alloy plans to take a 100% stake in Suzhou Lingfu Aluminum held by Mitsubishi Aluminum. - Shanghai Metals Market (SMM)SMMNov 20, 2020

Summarized from public sources; check the original articles before acting on it.

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