# Aluko acquires 100% stake in Alumaterials Inc.

Aluko announced on March 25 that it has acquired a 100% stake in Alumaterials Inc. to benefit from the AMPC under the U.S. Inflation Reduction Act.

- Type: Acquisition
- Announced: 2024-03-25
- Where: United States
- Status: completed
- Products: aluminum parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Aluko](https://endata.com/companies/76427.md) (acquirer)
- [Alumaterials Inc.](https://endata.com/companies/76430.md) (target)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/business/10974135), 2024-03-25: "Aluko announced on the 25th that it has acquired a 100% stake in Alumaterials Inc. to benefit from AMPC under the U.S. Inflation Reduction Act (IRA)."

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