# 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.

- Type: Acquisition
- Announced: 2021-03-05
- Where: Germany and Norway, Germany
- Value: $1.67B (1.38B EUR)
- Jobs: 5,000
- Status: announced
- Products: aluminum rolled products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [KPS Capital Partners](https://endata.com/companies/1184.md) (acquirer)
- [Norsk Hydro](https://endata.com/companies/7133.md) (partner)
- [Norsk Hydro](https://endata.com/companies/7133.md) (target)

## Sources

- [kpsfund.com](https://kpsfund.com/news/kps-capital-partners-to-acquire-aluminum-rolling-business-from-norsk-hydro-asa/), 2021-03-05: "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."
- [hydro.com](https://www.hydro.com/en/global/media/news/2021/hydro-agrees-to-sell-rolling-business-area-to-kps-capital-partners-for-eur-1380-million/), 2021-03-05: "Hydro has entered into an agreement to sell its Hydro Rolling business to KPS Capital Partners for EUR 1,380 million on an enterprise value basis"
- [prnewswire.com](https://www.prnewswire.com/news-releases/kps-capital-partners-to-acquire-aluminum-rolling-business-from-norsk-hydro-asa-301241413.html), 2021-03-05: "The size and global scale of the Rolling business, the quality of its assets, coupled with the breadth of its products and technology capabilities, form the foundation of a tremendous investment platform."
- [newswire.ca](https://www.newswire.ca/news-releases/kps-capital-partners-to-acquire-aluminum-rolling-business-from-norsk-hydro-asa-828055281.html), 2021-03-05: "The size and global scale of the Rolling business, the quality of its assets, coupled with the breadth of its products and technology capabilities, form the foundation of a tremendous investment platform."

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