# Showa Aluminum agrees to buy Mitsubishi Aluminum business and Universal Can

Showa Aluminum, a portfolio company of Apollo Funds, agreed to acquire Mitsubishi Aluminum's aluminium rolled and extruded products business and all shares of Universal Can from Mitsubishi Materials and Hokkan Holdings. The deals are expected to close by end of March 2022.

- Type: Acquisition
- Announced: 2021-11-25
- Where: Japan
- Status: announced
- Products: aluminium rolled and extruded products, aluminium beverage cans
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Universal Can](https://endata.com/companies/8625.md) (target)
- [Hokkan Holdings](https://endata.com/companies/8626.md) (partner)
- [Mitsubishi Materials](https://endata.com/companies/8627.md) (partner)
- [Mitsubishi Aluminum](https://endata.com/companies/8628.md) (target)
- [Apollo Funds](https://endata.com/companies/12793.md) (investor)
- [Showa Aluminum](https://endata.com/companies/59243.md) (acquirer)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/showa-aluminum-mitsubishi/), 2021-11-25: "This transaction will bring together two highly complementary businesses, each with a proud heritage of providing high-quality aluminium products to a variety of end-markets and customers."

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