# Hydro completes acquisition of Alumetal

Hydro has completed the acquisition of Polish aluminium recycler Alumetal S.A., acquiring over 97% of shares. The deal strengthens Hydro's recycling position in Europe and its low-carbon aluminium product offering.

- Type: Acquisition
- Announced: 2023-07-11
- Where: Poland
- Status: completed
- Products: recycled aluminium, low-carbon aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hydro Inc.](https://endata.com/companies/1478.md) (acquirer)
- [Alumetal](https://endata.com/companies/62604.md) (target)

## Sources

- [hydro.com](https://www.hydro.com/en/global/media/news/2023/hydro-completes-acquisition-of-alumetal-strengthening-recycling-position-in-europe/), 2023-07-11: "With this acquisition, Hydro and Alumetal will together become the leading integrated aluminium recycler in Europe."

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