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Yongjie New Materials plans to acquire 100% of Arconic (Qinhuangdao) Aluminum Co., Ltd. and 95% of Arconic (Kunshan) Aluminum Co., Ltd. from Arconic (China) Investment Co., Ltd. for approximately $175 million, plus $61.2 million in Ford profit share. The targets produce aluminum can body stock, lithium battery materials, automotive body sheet, and thermal management materials.
Yongjie New Materials announced a cash acquisition of 100% of Arconic (Qinhuangdao) Aluminum Industries and 95% of Arconic (Kunshan) Aluminum Products for approximately $180 million, gaining about 250,000 mt of high-end aluminum capacity.