# Cymat Technologies to acquire Rio Tinto Alcan's aluminum MMC technology and customers

Cymat Technologies Ltd. has entered into a Letter of Intent with Rio Tinto Alcan Inc. to acquire the technology and knowhow to manufacture proprietary aluminum metal matrix composites and assume RTA's customers. Cymat plans to establish production at its Mississauga plant.

- Type: Acquisition
- Announced: 2025-06-24
- Where: Mississauga, Ontario, Canada
- Value: $2.00M
- Status: announced
- Products: aluminum metal matrix composites
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Cymat Technologies Ltd.](https://endata.com/companies/16033.md)
- [Rio Tinto Alcan](https://endata.com/companies/44368.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/cymat-enters-into-letter-of-intent-with-rio-tinto-alcan-to-acquire-technology--assume-customers-of-their-proprietary-aluminum-metal-matrix-composites-business-302489640.html), 2025-06-24: "Cymat Technologies Ltd. is pleased to announce that it has entered into a Letter of Intent with Rio Tinto Alcan Inc. to acquire the technology and related knowhow to manufacture its proprietary aluminum metal matrix composites."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/cymat-enters-into-letter-of-intent-with-rio-tinto-alcan-to-acquire-technology-amp-assume-customers-of-their-proprietary-aluminum-metal-matrix-composites-business-896522187.html), 2025-06-24: "Cymat Technologies Ltd. is pleased to announce that it has entered into a Letter of Intent with Rio Tinto Alcan Inc. to acquire the technology and related knowhow to manufacture its proprietary aluminum metal matrix composites."

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