# KPS Capital Partners acquires Hydro's aluminum rolling business, forms Speira

Hydro signed an agreement to sell its aluminum rolling business to KPS Capital Partners, completed on June 3, 2021, forming a new independent company named Speira with seven plants in Germany and Norway.

- Type: Acquisition
- Announced: 2021-06-03
- Where: Germany
- Jobs: 5,000
- Status: completed
- Products: aluminum rolled products, aluminum foil, automotive sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [KPS Capital Partners](https://endata.com/companies/1184.md) (acquirer)
- [Hydro Inc.](https://endata.com/companies/1478.md) (target)
- [Speira Holdings](https://endata.com/companies/55518.md) (target)

## Sources

- [news.metal.com](https://news.metal.com/newscontent/101500447-two-world-class-aluminum-rolling-mills-change-ownership-and-continue-a-new-chapter), 2021-06-08: "Hydro has signed an agreement to sell its aluminum rolling business to KPS Capital Partners ("KPS"). The sale and acquisition have now been completed, and on June 3, Hydro's aluminum rolling division became an independent company under KPS."

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