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EGA to acquire 80% stake in US aluminium recycler Spectro Alloys · Endata

◂ Announcements

Aug 22, 2024ACQUISITIONRosemount, Minnesota, United States

EGA to acquire 80% stake in US aluminium recycler Spectro Alloys

Emirates Global Aluminium (EGA) announced its intention to acquire an 80% majority stake in Spectro Alloys Corporation, a US aluminium recycling firm based in Rosemount, Minnesota. The transaction is expected to close in Q3 2024.

Status

Announced

Capacity

110,000 tpy of aluminium ingots

Productsaluminium ingotssecondary aluminium billets

CompaniesEmirates Global Aluminium acquirer Spectro Alloys Corp. target

Sectors#Steel and Metal Products

“EGA today announced its intention to acquire a majority stake in American aluminium recycling firm Spectro Alloys Corporation.”media.ega.ae

3 sources
media.ega.aeEGA to acquire majority stake in US recycling firm Spectro Alloys, as recycling expansion acceleratesAug 22, 2024
recyclingtoday.comSpectro Alloys selling majority stake to Middle East aluminum producer - Recycling TodayBrian TaylorAug 23, 2024
aluminium-journal.comEGA to acquire majority stake in US recycler Spectro Alloys | International Aluminium JournalEditorial team alu-web RedaktionSep 26, 2024

Summarized from public sources; check the original articles before acting on it.

More from Emirates Global Aluminium

Nov 4, 2026ACQUISITIONVillafranca di Verona and Nogara, Italy, Italy
Emirates Global Aluminium acquires 80% of Italy's Eco Green
Emirates Global Aluminium acquirer Eco Green target foroutsourcing.com
May 16, 2025NEW FACILITYInola, Oklahoma (Tulsa Port of Inola), United States$4.00B1,000 jobsops 2029
EGA plans to build $4B primary aluminium plant in Oklahoma, first new US smelter since 1980
Emirates Global Aluminium media.ega.ae rebusinessonline.com
Jan 15, 2025EXPANSIONRosemount, Minnesota, United States50 jobsops Q3 2025
Spectro Alloys completes 90,000-square-foot expansion in Rosemount, Minnesota
Spectro Alloys Corp.Emirates Global Aluminium investor opus-group.com alcircle.com
Mar 21, 2024ACQUISITIONHannover, Germany, Germany
EGA to acquire German aluminium recycler Leichtmetall
Emirates Global Aluminium acquirer Quantum Capital Partners investor media.ega.ae gccbusinessnews.com gulftoday.ae
Dec 6, 2021CONTRACTGuinea, Guinea$34.0M57 jobs
GAC awards $34M mining contract to Guinéenne de Prestation et de Construction
Emirates Global Aluminium investor Guinea Alumina Corporation customer wam.ae
Feb 3, 2021INVESTMENTJebel Ali, Dubai, United Arab Emirates$272.0Mops Q2 2021
EGA launches $272M Siemens H-Class gas turbine at Jebel Ali power plant
Emirates Global Aluminium Mubadala Investment Company partner forbesmiddleeast.com

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