KPS Capital Partners to acquire aluminum rolling business from Norsk Hydro for €1.38B

KPS Capital Partners has signed a definitive agreement to acquire the global aluminum rolling business from Norsk Hydro ASA for €1.38 billion (approximately $1.67 billion). The business includes seven manufacturing facilities and one R&D center across Germany and Norway.

“KPS today announced that it has signed a definitive agreement to acquire the global aluminum rolling business from Norsk Hydro ASA for €1.38 billion.”kpsfund.com

• 4 sources
• kpsfund.comKPS Capital Partners to Acquire Aluminum Rolling Business from Norsk Hydro ASA - Private Equity Firm, Manufacturing | KPS Capital PartnersMar 5, 2021
• hydro.comHydro agrees to sell Rolling business area to KPS Capital Partners for EUR 1,380 million | HydroMar 5, 2021
• prnewswire.comKPS Capital Partners to Acquire Aluminum Rolling Business from Norsk Hydro ASAKPS Capital Partners, LPMar 5, 2021
• newswire.caKPS Capital Partners to Acquire Aluminum Rolling Business from Norsk Hydro ASAKPS Capital Partners, LPMar 5, 2021

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