Jupiter Aluminum

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.

Jupiter Aluminum plans to invest $12 million to expand its presence at the Beech Bottom Industrial Park in Brooke County, West Virginia, more than doubling its workforce. The company recycles aluminum scrap into coils for building and construction, license plates, and recreational vehicles.