Rio Tinto acquires 50% stake in Matalco for $700M

Rio Tinto Ltd. invested $700 million to acquire a 50% stake in Matalco Inc., a Brampton, Ont.-based aluminum recycler with six facilities in the U.S. and one in Canada.

“Rio Tinto has entered the global recycling race for aluminum through a $700-million investment in Brampton, Ont.-based Matalco Inc.”financialpost.com

• 1 source
• financialpost.comRio Tinto enters aluminum recycling race through 50% stake in MatalcoNaim KarimDec 1, 2023

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