# OpenGate Capital combines Extol and AFE to form Aluminium Solutions Group

OpenGate Capital combined Extol, acquired on September 30, 2022, and Aluminium France Extrusion (AFE), owned since June 2013, to form Aluminium Solutions Group SAS (ASG), creating France's second and Europe's sixth largest aluminum extruder. Terms were not disclosed.

- Type: Acquisition
- Announced: 2022-10-13
- Where: France
- Status: completed
- Products: aluminum extrusions
- 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-2022-10-13-opengate-capital-combines-extol-and-aluminium-france-extrusion-to-form-aluminium-solutions-group-sas), 2022-10-13: "ASG brings together two exceptional companies that are very complementary, creating a European market leader in an industry that continues to show sustained growth."
- [businesswire.com](https://www.businesswire.com/news/home/20221012005162/en/OpenGate-Capital-Combines-Extol-and-Aluminium-France-Extrusion-to-Form-Aluminium-Solutions-Group-SAS), 2022-10-13: "ASG brings together two exceptional companies that are very complementary, creating a European market leader in an industry that continues to show sustained growth."
- [privateequityinternational.com](https://www.privateequityinternational.com/opengate-touts-long-term-fundamentals-of-aluminum-extrusion/), 2022-10-13: "OpenGate touts long-term fundamentals of aluminum extrusion."
- [opengatecapital.com](https://opengatecapital.com/news/opengate-capital-combines-extol-and-aluminium-france-extrusion-to-form-aluminium-solutions-group-sas/), 2022-10-13: "The combination of Extol and AFE, under the name ASG, establishes France’s second and Europe’s sixth largest aluminum extruder with a clear sustainability roadmap."

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