# Matalco acquires Ohio Valley Aluminum

Matalco purchased Kentucky-based competitor Ohio Valley Aluminum (OVACO) for an undisclosed sum. The deal closed and will increase Matalco's output to 1.5 billion lbs/yr including capacity from a planned plant in Franklin, Kentucky.

- Type: Acquisition
- Announced: 2024-03-25
- Where: Kentucky, United States
- Status: completed
- Capacity: 1.5 billion lbs/yr
- Products: aluminum extrusion billet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Matalco](https://endata.com/companies/29685.md) (acquirer)
- [Ohio Valley Aluminum Co.](https://endata.com/companies/60686.md) (target)

## Sources

- [argusmedia.com](https://www.argusmedia.com/en/news-and-insights/latest-market-news/2288189-matalco-raises-al-billet-output-with-ovaco-buy), 2024-03-25: "The deal closed today and will take Matalco's output to 1.5bn lbs/yr counting the additional capacity from its planned plant in Franklin, Kentucky, set to open in mid-2022."

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