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OpenGate Capital combined Extol, acquired on September 30, 2022, and Aluminium France Extrusion (AFE), owned since June 2013, to form Aluminium Solutions Group SAS (ASG), creating France's second and Europe's sixth largest aluminum extruder. Terms were not disclosed.
OpenGate Capital has entered exclusive negotiations to acquire Extol from MCH and Fernando Busto. The acquisition is part of a strategy to create Aluminium Solutions Group (ASG), combining Extol with Aluminium France Extrusion. ASG will have four plants in France and Spain, employing around 800 people.