Rio Tinto and Giampaolo Group form $700M aluminum recycling joint venture

Rio Tinto acquired a 50% equity stake in the Matalco business from Giampaolo Group for US$700 million, forming a joint venture to manufacture and market recycled aluminium products. The joint venture has seven facilities in the US and Canada with a capacity of 900,000 tons per year.

“Rio Tinto acquired a 50 percent equity stake in the Matalco business from Giampaolo for US$700 million, representing a total joint venture value of US$1.4 billion.”lexpert.ca

• 1 source
• lexpert.caRio Tinto, Giampaolo Group US$700 million aluminum recycling joint venture | LexpertKiezzsa CruzAug 23, 2024

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