Aludium

Jupiter Aluminum Corporation (JAC) acquired Aludium, a portfolio company of Atlas Holdings, expanding its European presence in rolled and recycled aluminum products. Financial terms were not disclosed.

Atlas Holdings and Jupiter Aluminum Corporation announced a definitive agreement for Jupiter Aluminum to acquire Aludium, an aluminum rolled products business with operations in Europe. The sale is expected to close in Q2 2023.

Aludium has signed a five-year agreement with Emirates Global Aluminium (EGA) for the supply of rolling slabs, used to produce plate, sheet, and foil products. The deal was signed at EGA's Al Taweelah site in Abu Dhabi.