# ETEM absorbed by COSMOS ALUMINIUM in aluminium extrusion merger

ETEM S.A. has been absorbed by COSMOS ALUMINIUM S.A., creating a company with over 70,000 tons of aluminium extrusion capacity and projected annual turnover of over €300 million. ELVALHALCOR S.A. received a 15% stake in COSMOS ALUMINIUM as part of the deal.

- Type: Acquisition
- Announced: 2023-04-07
- Where: Greece
- Jobs: 500
- Status: completed
- Capacity: 70,000 tons of extruded aluminium
- Products: extruded aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ElvalHalcor](https://endata.com/companies/30069.md) (investor)
- [Etem Group](https://endata.com/companies/53502.md) (target)
- [Cosmos Aluminium](https://endata.com/companies/63296.md) (acquirer)

## Sources

- [koutalidis.gr](https://www.koutalidis.gr/koutalidis-law-firm-advised-etem-s-a-etem-and-elvalhalcor-s-a/), 2023-04-11: "The transaction consisted in the absorption of ETEM by COSMOS ALUMINIUM, resulting in the creation of a robust company in the field of aluminium 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.