# EGA to acquire German aluminium recycler Leichtmetall

Emirates Global Aluminium (EGA) has signed a binding agreement to acquire 100% of Leichtmetall Aluminium Giesserei Hannover GmbH, a German specialty foundry producing high-strength recycled aluminium billets. The transaction is expected to close in the first half of 2024.

- Type: Acquisition
- Announced: 2024-03-21
- Where: Hannover, Germany, Germany
- Status: announced
- Capacity: 30,000 tonnes per year of aluminium billets
- Products: high-strength recycled aluminium billets, hard alloy billets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Emirates Global Aluminium](https://endata.com/companies/15758.md) (acquirer)
- [Quantum Capital Partners](https://endata.com/companies/55651.md) (investor)
- [Leichtmetall Aluminium Giesserei Hannover GmbH](https://endata.com/companies/76351.md) (target)
- [Leichtmetall Holding GmbH](https://endata.com/companies/76352.md) (partner)
- [QCP Quantum Capital Partners](https://endata.com/companies/76376.md) (partner)
- [Leichtmetall Aluminium Gießerei Hannover](https://endata.com/companies/76381.md) (target)

## Sources

- [media.ega.ae](https://media.ega.ae/ega-to-acquire-leichtmetall-european-producer-of-high-strength-recycled-aluminium/), 2024-03-21: "This acquisition provides EGA a platform to develop a recycling business close to our customers in Europe, contributing to the emerging circular economy and building on our existing position as one of the biggest importers of primary aluminium on that continent."
- [gccbusinessnews.com](https://www.gccbusinessnews.com/ega-to-fully-acquire-leichtmetall/), 2024-03-21: "This acquisition provides EGA a platform to develop a recycling business close to our customers in Europe, contributing to the emerging circular economy and building on our existing position as one of the biggest importers of primary aluminum on that continent."
- [gulftoday.ae](https://www.gulftoday.ae/Business/2024/03/21/EGA-signs-agreement-to-acquire--German-aluminium-recycling-firm), 2024-03-21: "Emirates Global Aluminium (EGA) announced the signing of a binding sale and purchase agreement for the acquisition of a German aluminium recycling firm, Leichtmetall Aluminium Giesserei Hannover GmbH."
- [webcapitalriesgo.com](https://www.webcapitalriesgo.com/qcp-quantum-capital-partners-announces-the-sale-of-leichtmetall-a-german-pro-ducer-of-high-strength-recycled-aluminium-to-emirates-global-aluminium/), 2024-03-22: "QCP Quantum Capital Partners today announced the signing of a binding sale agreement of Leichtmetall Aluminium Giesserei Hannover GmbH to Emirates Global Aluminium."
- [alcircle.com](https://www.alcircle.com/news/global-law-firm-white-case-advises-emirates-global-aluminium-on-the-strategic-acquisition-of-leichtmetall-110286), 2024-03-23: "EGA is set to acquire a 100 per cent stake in Leichtmetall from Leichtmetall Holding GmbH."
- [lightmetalage.com](https://www.lightmetalage.com/news/industry-news/recycling-remelt/ega-to-acquire-european-producer-of-high-strength-recycled-aluminum/), 2024-04-02: "This acquisition provides EGA a platform to develop a recycling business close to our customers in Europe, contributing to the emerging circular economy."
- [euroguss.de](https://www.euroguss.de/en/euroguss-365/2024/news/emirates-global-aluminium-acquires-leichtmetall-holding-gmbh), 2024-04-15: "This acquisition provides EGA a platform to develop a recycling business close to our customers in Europe, contributing to the emerging circular economy and building on our existing position as one of the biggest importers of primary aluminium on that continent."
- [media.ega.ae](https://media.ega.ae/ega-completes-acquisition-of-leichtmetall-european-speciality-foundry-in-high-strength-recycled-aluminium/), 2024-05-03: "I am pleased to welcome our new Leichtmetall colleagues in Hannover to EGA."

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