# OpenGate Capital to acquire Extol and form Aluminium Solutions Group

OpenGate Capital has entered exclusive negotiations to acquire Extol from MCH and Fernando Busto. The acquisition is part of a strategy to create Aluminium Solutions Group (ASG), combining Extol with Aluminium France Extrusion. ASG will have four plants in France and Spain, employing around 800 people.

- Type: Acquisition
- Announced: 2022-08-23
- Where: Nantes, Saint-Florentin, Ham (France); Toledo (Spain), France
- Jobs: 800
- Status: announced
- Products: extruded aluminium products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Aluminium Solutions Group](https://endata.com/companies/64879.md)
- [OpenGate Capital](https://endata.com/companies/19786.md) (acquirer)
- [Extol](https://endata.com/companies/64877.md) (target)
- [Aluminium France Extrusion](https://endata.com/companies/64878.md) (target)

## Sources

- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2022-8-23-opengate-capital-signs-agreement-to-acquire-extol), 2022-08-23: "The acquisition of Extol is related to the formation of a European group focused on the aluminium extrusion market including another company, Aluminium France Extrusion."
- [businesswire.com](https://www.businesswire.com/news/home/20220822005733/en/OpenGate-Capital-Signs-Agreement-to-Acquire-Extol), 2022-08-23: "The acquisition of Extol is related to the formation of a European group focused on the aluminium extrusion market including another company, Aluminium France Extrusion."

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