Tokai Carbon to acquire Savoie from Alandia for $183m.

Tokai Carbon, a miner, agreed to acquire Carbone Savoie, a miner of cathode products from Alandia, a private equity fund for $183m. “Through this acquisition, we will be able to grow our smelting and lining business and fine carbon business. In addition to improving profitability, we can also diversify our broader portfolio with Carbone Savoie’s complementary offering. We believe that this will lead to further increase in our corporate value,” Tokai Carbon.