# 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.

- Type: Acquisition
- Announced: 2024-08-22
- Where: Rosemount, Minnesota, United States
- Status: announced
- Capacity: 110,000 tpy of aluminium ingots
- Products: aluminium ingots, secondary aluminium 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)
- [Spectro Alloys Corp.](https://endata.com/companies/28848.md) (target)

## Sources

- [media.ega.ae](https://media.ega.ae/ega-to-acquire-majority-stake-in-us-recycling-firm-spectro-alloys-as-recycling-expansion-accelerates/), 2024-08-22: "EGA today announced its intention to acquire a majority stake in American aluminium recycling firm Spectro Alloys Corporation."
- [recyclingtoday.com](https://www.recyclingtoday.com/news/ega-spectro-alloys-acquisition-aluminum-recycling-minnesota-united-arab-emirates/), 2024-08-23: "Our goal is to grow further in both primary and recycled aluminum to meet the growing global demand for a metal which is essential for our world's sustainable future."
- [aluminium-journal.com](https://aluminium-journal.com/ega-to-acquire-majority-stake-in-us-recycler-spectro-alloys), 2024-09-26: "Emirates Global Aluminium has announced its intention to acquire 80% of US aluminium recycling firm Spectro Alloys."

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