Mongolia Mengtai Group completed the acquisition of apt Group.

Mongolia Mengtai Group, a coal operation company, completed the acquisition of apt Group, a manufacturer of aluminium products, from Frans Kurves and Guido Puehse, two private investors. Financial terms were not disclosed. “The management team of apt Group is pleased that with Mengtai Group a new shareholder has been found, who will support the long-term national and international development of apt Group in the core segments of aluminum extrusion and fabrication into ready-to-install components; and who also wants to open new doors for us, particularly in the Chinese market. At the same time, we remain one of the largest independent manufacturers in Europe and intend to play an active role in the future market consolidation,” Thomas Boddenberg, apt Group CEO.