# UMS group acquires Alteo, specialty aluminas producer

UMS group acquired Alteo, a world leader in specialty aluminas, following a commercial court decision on January 7, 2021. The acquisition aims to increase production capacity and strengthen R&D.

- Type: Acquisition
- Announced: 2021-01-08
- Status: completed
- Products: specialty aluminas
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [UMS AG](https://endata.com/companies/29804.md) (acquirer)
- [Alteo](https://endata.com/companies/49750.md) (target)

## Sources

- [alteo-alumina.com](https://www.alteo-alumina.com/en/ums-group-acquires-alteo-world-leader-of-specialty-aluminas/), 2021-01-08: "UMS, an experienced, sound and socially responsible industrial group, is opening a new era for Alteo to ensure its world leading position over the long term."

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