Rio Tinto and Giampaolo Group form Matalco aluminium recycling joint venture

Rio Tinto has acquired a 50% equity stake in the Matalco business from Giampaolo Group for $700 million, forming a joint venture that combines North America's largest primary and secondary aluminium producers. Matalco operates six facilities in the US and one in Canada with capacity of about 900,000 tonnes per year.

“Creating the Matalco joint venture gives Rio Tinto a leading position in the rapidly growing North American recycled aluminium market.”sec.gov

• 2 sources
• sec.govex02d01matalcoDec 1, 2023
• stocks.observer-reporter.comRio Tinto and Giampaolo Group complete Matalco aluminium recycling transactionRio TintoDec 1, 2023

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